TENARIS SA | CIK:0001190723 | 3

  • Filed: 4/30/2018
  • Entity registrant name: TENARIS SA (CIK: 0001190723)
  • Generator: Thunderdome
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1190723/000117184318003182/0001171843-18-003182-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1190723/000117184318003182/ts-20171231.xml
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    • ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory

    10
    Property, plant and equipment, net
     
    Year ended December 31, 2017   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    
    599,710
    		      
    10,034,500
    		      
    346,486
    		      
    1,492,572
    		      
    25,404
    		      
    12,498,672
    		  
    Translation differences    
    5,493
    		      
    178,598
    		      
    5,518
    		      
    284
    		      
    331
    		      
    190,224
    		  
    Additions    
    63
    		      
    7,423
    		      
    1,252
    		      
    497,423
    		      
    18,490
    		      
    524,651
    		  
    Disposals / Consumptions    
    (1,293
    		 )    
    (3,966
    		 )    
    (7,319
    		 )    
    (94
    		 )    
    (1,812
    		 )    
    (14,484
    		 )
    Increase due to business combinations (*)    
    2,187
    		      
    5,654
    		      
    2,444
    		      
    -
    		      
    -
    		      
    10,285
    		  
    Transfers / Reclassifications    
    105,901
    		      
    1,732,376
    		      
    22,161
    		      
    (1,823,106
    		 )    
    -
    		      
    37,332
    		  
    Values at the end of the year    
    712,061
    		      
    11,954,585
    		      
    370,542
    		      
    167,079
    		      
    42,413
    		      
    13,246,680
    		  
                                                     
    Depreciation                                                
    Accumulated at the beginning of the year    
    89,274
    		      
    6,125,552
    		      
    281,907
    		      
    -
    		      
    -
    		      
    6,496,733
    		  
    Translation differences    
    1,204
    		      
    114,675
    		      
    4,959
    		      
    -
    		      
    -
    		      
    120,838
    		  
    Depreciation charge    
    9,406
    		      
    368,850
    		      
    23,213
    		      
    -
    		      
    -
    		      
    401,469
    		  
    Transfers / Reclassifications    
    1,699
    		      
    7,575
    		      
    (405
    		 )    
    -
    		      
    -
    		      
    8,869
    		  
    Disposals / Consumptions    
    (386
    		 )    
    (3,781
    		 )    
    (6,205
    		 )    
    -
    		      
    -
    		      
    (10,372
    		 )
    Accumulated at the end of the year    
    101,197
    		      
    6,612,871
    		      
    303,469
    		      
    -
    		      
    -
    		      
    7,017,537
    		  
    At December 31, 2017    
    610,864
    		      
    5,341,714
    		      
    67,073
    		      
    167,079
    		      
    42,413
    		      
    6,229,143
    		  
     
    Year ended December 31, 2016   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    
    609,190
    		      
    9,683,181
    		      
    340,835
    		      
    1,219,369
    		      
    18,330
    		      
    11,870,905
    		  
    Translation differences    
    2,601
    		      
    6,737
    		      
    2,445
    		      
    2,644
    		      
    53
    		      
    14,480
    		  
    Additions    
    639
    		      
    1,384
    		      
    784
    		      
    750,038
    		      
    4,650
    		      
    757,495
    		  
    Disposals / Consumptions    
    (2,296
    		 )    
    (26,073
    		 )    
    (10,751
    		 )    
    (4,850
    		 )    
    (2,494
    		 )    
    (46,464
    		 )
    Transfer to assets held for sale    
    (34,849
    		 )    
    (61,380
    		 )    
    (1,103
    		 )    
    (1,407
    		 )    
    (177
    		 )    
    (98,916
    		 )
    Transfers / Reclassifications    
    24,425
    		      
    430,651
    		      
    14,276
    		      
    (473,222
    		 )    
    5,042
    		      
    1,172
    		  
    Values at the end of the year    
    599,710
    		      
    10,034,500
    		      
    346,486
    		      
    1,492,572
    		      
    25,404
    		      
    12,498,672
    		  
                                                     
    Depreciation                                                
    Accumulated at the beginning of the year    
    88,270
    		      
    5,844,657
    		      
    265,487
    		      
    -
    		      
    231
    		      
    6,198,645
    		  
    Translation differences    
    508
    		      
    (3,318
    		 )    
    1,831
    		      
    -
    		      
    (20
    		 )    
    (999
    		 )
    Depreciation charge    
    9,621
    		      
    359,516
    		      
    24,260
    		      
    -
    		      
    533
    		      
    393,930
    		  
    Transfers / Reclassifications    
    (160
    		 )    
    (3,328
    		 )    
    -
    		      
    -
    		      
    (744
    		 )    
    (4,232
    		 )
    Transfer to assets held for sale    
    (8,552
    		 )    
    (47,928
    		 )    
    (966
    		 )    
    -
    		      
    -
    		      
    (57,446
    		 )
    Disposals / Consumptions    
    (413
    		 )    
    (24,047
    		 )    
    (8,705
    		 )    
    -
    		      
    -
    		      
    (33,165
    		 )
    Accumulated at the end of the year    
    89,274
    		      
    6,125,552
    		      
    281,907
    		      
    -
    		      
    -
    		      
    6,496,733
    		  
    At December 31, 2016    
    510,436
    		      
    3,908,948
    		      
    64,579
    		      
    1,492,572
    		      
    25,404
    		      
    6,001,939
    		  
     
     
    Property, plant and equipment include capitalized interests for net amounts at
    December 31, 2017
    and
    2016
    of
    $39.5
    million and
    $25.4
    million, respectively. The average capitalization interest rates applied were
    1.97%
    during
    2017
    and
    1.28%
    during
    2016.
     
    (*) Related to Garrett LLC acquisition, see Note
    26.