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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 12 Months Ended
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Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME |  |  |  |  |
Income for the year |  | $ 2,076,773 | $ 3,957,833 | $ 2,548,701 |
Items that may be subsequently reclassified to profit or loss: |  |  |  |  |
Currency translation adjustment |  | (73,551) | 38,937 | (23,710) |
Reclassification of currency translation adjustment reserve | [1] |  | (878) | (71,252) | [2]
Change in value of cash flow hedges and instruments at fair value |  | 171,658 | (112,433) | (5,186) |
Income tax relating to components of other comprehensive income |  | (22,395) | (24,591) |  |
From participation in non-consolidated companies: |  |  |  |  |
- Currency translation adjustment |  | (47,840) | 110,801 | 7,336 |
- Changes in the value of cash flow hedges and instruments at fair value, net of income tax |  | 45,690 | (47,963) | 1,435 |
Total other comprehensive (loss) that will be reclassified to profit or loss, net of tax |  | 73,562 | (36,127) | (91,377) |
Items that will not be reclassified to profit or loss: |  |  |  |  |
Remeasurements of post-employment benefit obligations |  | (7,022) | (6,816) | 13,577 |
Income tax on items that will not be reclassified |  | 1,790 | 2,204 | (2,673) |
Remeasurements of post-employment benefit obligations of non-consolidated companies, net of income tax |  | (333) | (4,083) | 3,588 |
Total other comprehensive (loss) income that will not be reclassified to profit or loss, net of tax |  | (5,565) | (8,695) | 14,492 |
Other comprehensive income (loss) for the year |  | 67,997 | (44,822) | (76,885) |
Total comprehensive income for the year |  | 2,144,770 | 3,913,011 | 2,471,816 |
Attributable to: |  |  |  |  |
Shareholders' equity |  | 2,105,829 | 3,873,213 | 2,476,373 |
Non-controlling interests |  | 38,941 | 39,798 | (4,557) |
Total comprehensive income for the year |  | $ 2,144,770 | $ 3,913,011 | $ 2,471,816 |
[1] | During 202 2 a s a result of NKKTubes’ definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified with impact in the income statement.
[2] | Related to NKKTubes’ cease of operations.

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