Note 25 - Current allowances and provisions

12 Months Ended

Dec. 31, 2023

25 Current allowances and provisions

(i) Deducted from assets

Year ended December 31, 2023	Allowance for doubtful accounts - Trade receivables		Allowance for other doubtful accounts - Other receivables		Allowance for inventory obsolescence
Values at the beginning of the year	(45,495	)	(3,479	)	(222,666	)
Translation differences	(128	)	(88	)	(452	)
Increase due to business combinations (*)	(899	)	-		(9,179	)
(Additional) allowances	(3,590	)	(107	)	(13,581	)
Used	1,066		235		36,768
At December 31, 2023	(49,046	)	(3,439	)	(209,110	)

(*) Related to the GPC, Isoplus anticorrosion coating division and Mattr’s pipe coating business unit acquisitions. For more information see note 34.

Year ended December 31, 2022	Allowance for doubtful accounts - Trade receivables		Allowance for other doubtful accounts - Other receivables		Allowance for inventory obsolescence
Values at the beginning of the year	(47,120	)	(3,206	)	(245,774	)
Translation differences	(12	)	68		(405	)
(Additional) / reversal allowances	223		(346	)	(24,901	)
Used	1,414		5		48,414
At December 31, 2022	(45,495	)	(3,479	)	(222,666	)

(ii) Liabilities

Year ended December 31, 2023	Sales risks		Other claims and contingencies (*)		Total
Values at the beginning of the year	3,186		7,999		11,185
Translation differences	285		(208	)	77
Increase due to business combinations (**)	-		5,317		5,317
Additional provisions	30,057		6,941		36,998
Reclassifications	-		164		164
Used	(13,588	)	(4,194	)	(17,782	)
At December 31, 2023	19,940		16,019		35,959

Year ended December 31, 2022	Sales risks		Other claims and contingencies (*)		Total
Values at the beginning of the year	1,468		7,854		9,322
Translation differences	(160	)	(97	)	(257	)
Additional provisions	5,315		4,189		9,504
Reclassifications	-		(2,229	)	(2,229	)
Used	(3,437	)	(1,718	)	(5,155	)
At December 31, 2022	3,186		7,999		11,185

(*) Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.

(**) Related to Mattr’s pipe coating business unit acquisition. For more information see note 34.