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Note 11 - Property, plant and equipment, net (Tables) | 12 Months Ended
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Dec. 31, 2023
Note 11 - Property, plant and equipment, net |
Disclosure of detailed information about property, plant and equipment [text block] |
Year ended December 31, 2023 | Land and civil buildings |  |  | Industrial buildings, plant and production equipment |  |  | Vehicles, furniture and fixtures |  |  | Work in progress |  |  | Spare parts and equipment |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Values at the beginning of the year | 815,763 |  |  | 12,857,494 |  |  | 402,485 |  |  | 252,379 |  |  | 55,526 |  |  | 14,383,647 |
Currency translation adjustment | 1,863 |  |  | 53,282 |  |  | 1,675 |  |  | 1,462 |  |  | 199 |  |  | 58,481 |
Increase due to business combinations (*) | 64,413 |  |  | 256,899 |  |  | 831 |  |  | 71,838 |  |  | - |  |  | 393,981 |
Additions | 330 |  |  | 3,661 |  |  | 820 |  |  | 546,515 |  |  | 19,671 |  |  | 570,997 |
Transfers / Reclassifications | 12,031 |  |  | 435,550 |  |  | 22,530 |  |  | (471,381 | ) |  | - |  |  | (1,270 | )
Disposals / Consumptions | (4,443 | ) |  | (68,613 | ) |  | (11,428 | ) |  | (4,710 | ) |  | (3,562 | ) |  | (92,756 | )
Values at the end of the year | 889,957 |  |  | 13,538,273 |  |  | 416,913 |  |  | 396,103 |  |  | 71,834 |  |  | 15,313,080 |
Depreciation and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated at the beginning of the year | 152,272 |  |  | 8,313,971 |  |  | 340,526 |  |  | - |  |  | 20,615 |  |  | 8,827,384 |
Currency translation adjustment | 390 |  |  | 38,074 |  |  | 1,584 |  |  | - |  |  | 105 |  |  | 40,153 |
Depreciation charge | 12,256 |  |  | 411,861 |  |  | 19,839 |  |  | - |  |  | 1,934 |  |  | 445,890 |
Transfers / Reclassifications | (16 | ) |  | (391 | ) |  | 27 |  |  | - |  |  | - |  |  | (380 | )
Disposals / Consumptions | (8 | ) |  | (67,471 | ) |  | (10,667 | ) |  | - |  |  | - |  |  | (78,146 | )
Accumulated at the end of the year | 164,894 |  |  | 8,696,044 |  |  | 351,309 |  |  | - |  |  | 22,654 |  |  | 9,234,901 |
At December 31, 2023 | 725,063 |  |  | 4,842,229 |  |  | 65,604 |  |  | 396,103 |  |  | 49,180 |  |  | 6,078,179 |
(*) Related to the GPC, Isoplus anticorrosion coating division, Republic Tube LLC’s OCTG pipe processing facility and Mattr’s pipe coating business unit acquisitions. For more information see note 34.
Year ended December 31, 2022 | Land and civil buildings |  |  | Industrial buildings, plant and production equipment |  |  | Vehicles, furniture and fixtures |  |  | Work in progress |  |  | Spare parts and equipment |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Values at the beginning of the year | 830,104 |  |  | 13,064,541 |  |  | 420,930 |  |  | 147,429 |  |  | 59,522 |  |  | 14,522,526 |
Currency translation adjustment | (1,601 | ) |  | (71,347 | ) |  | (1,838 | ) |  | 376 |  |  | (174 | ) |  | (74,584 | )
Increase due to business combinations (*) | - |  |  | - |  |  | - |  |  | 187 |  |  | - |  |  | 187 |
Additions | - |  |  | 2,271 |  |  | 734 |  |  | 334,912 |  |  | 8,150 |  |  | 346,067 |
Transfers / Reclassifications | 9,829 |  |  | 184,915 |  |  | 16,221 |  |  | (227,153 | ) |  | - |  |  | (16,188 | )
Disposals / Consumptions | (22,569 | ) |  | (322,886 | ) |  | (33,562 | ) |  | (3,372 | ) |  | (11,972 | ) |  | (394,361 | )
Values at the end of the year | 815,763 |  |  | 12,857,494 |  |  | 402,485 |  |  | 252,379 |  |  | 55,526 |  |  | 14,383,647 |
Depreciation and impairment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated at the beginning of the year | 139,941 |  |  | 8,199,724 |  |  | 353,639 |  |  | - |  |  | 4,421 |  |  | 8,697,725 |
Currency translation adjustment | (289 | ) |  | (51,283 | ) |  | (1,756 | ) |  | - |  |  | 130 |  |  | (53,198 | )
Depreciation charge | 13,577 |  |  | 432,648 |  |  | 21,022 |  |  | - |  |  | 20,485 |  |  | 487,732 |
Transfers / Reclassifications | (2 | ) |  | (21,506 | ) |  | (215 | ) |  | - |  |  | - |  |  | (21,723 | )
Impairment charge (See note 5) | - |  |  | 75,722 |  |  | 321 |  |  | - |  |  | - |  |  | 76,043 |
Disposals / Consumptions | (955 | ) |  | (321,334 | ) |  | (32,485 | ) |  | - |  |  | (4,421 | ) |  | (359,195 | )
Accumulated at the end of the year | 152,272 |  |  | 8,313,971 |  |  | 340,526 |  |  | - |  |  | 20,615 |  |  | 8,827,384 |
At December 31, 2022 | 663,491 |  |  | 4,543,523 |  |  | 61,959 |  |  | 252,379 |  |  | 34,911 |  |  | 5,556,263 |
(*)Related to Parques Eólicos de la Buena Ventura S.A. acquisition.

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