Note 25 - Current allowances and provisions (Tables)

12 Months Ended

Dec. 31, 2024

Note 25 - Current allowances and provisions

Disclosure of detailed information about current allowances and provisions deducted from assets [text block]

Year ended December 31, 2024	Allowance for doubtful accounts - Trade receivables		Allowance for other doubtful accounts - Other receivables		Allowance for inventory obsolescence
Values at the beginning of the year	(49,046	)	(3,439	)	(209,110	)
Translation differences	194		324		897
Changes due to business combinations^(*)	(1,151	)	-		(3,676	)
(Additional) / reversal allowances	1,095		(546	)	(41,240	)
Used and other movements	783		567		49,955
At December 31, 2024	(48,125	)	(3,094	)	(203,174	)

^(*)For the year 2024, related to Mattr’s pipe coating business unit acquisition. For more information see note 34.

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	)

^(**)For the year 2023, related to the GPC, Isoplus anticorrosion coating division and Mattr’s pipe coating business unit acquisitions.

Disclosure of detailed information about current allowances and provisions from liabilities [text block]

Year ended December 31, 2024	Sales risks		Other claims and contingencies ^(*)		Total
Values at the beginning of the year	19,940		16,019		35,959
Translation differences	(1,301	)	(18,978	)	(20,279	)
Changes due to business combinations^(**)	-		722		722
Additional provisions	21,296		106,198		127,494
Reclassifications	-		9,839		9,839
Used	(23,564	)	(10,827	)	(34,391	)
At December 31, 2024	16,371		102,973		119,344

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

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

For the year 2024, includes $89.4 million related the ongoing litigation related to the acquisition of participation in Usiminas. For more information see note 27 (i).

^(**)For the years 2024 and 2023, related to Mattr’s pipe coating business unit acquisition. For more information see note 34.