Note 29 - Cash Flow Disclosures

12 Months Ended

Dec. 31, 2022

29Cash flow disclosures

		Year ended December 31,
		2022		2021		2020
(i)	Changes in working capital (*)
	Inventories	(1,329,865	)	(1,085,024	)	818,913
	Receivables and prepayments and current tax assets	(155,449	)	(79,912	)	67,610
	Trade receivables	(1,208,278	)	(356,069	)	414,826
	Other liabilities	57,389		4,892		(36,000	)
	Customer advances	151,066		44,661		(29,253	)
	Trade payables	353,892		399,988		(180,807	)
		(2,131,245	)	(1,071,464	)	1,055,289
(ii)	Income tax accruals less payments
	Tax accrued	617,236		189,448		23,150
	Taxes paid	(359,585	)	(153,846	)	(140,364	)
		257,651		35,602		(117,214	)
(iii)	Interest accruals less payments, net
	Interest accrued	(34,080	)	(14,371	)	8,627
	Interest received	68,335		24,567		19,613
	Interest paid	(32,775	)	(21,559	)	(28,778	)
		1,480		(11,363	)	(538	)

(*) 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.