| | Thousands of U.S. dollars |
| | Balance at 12/31/2015 | | Income Statement | | Equity | | Translation differences | | Balance at 12/31/2016 |
| | | Increases | | Decreases | | Increases | | Decreases | | |
| | | | | | | | | | | | | | |
| DEFERRED TAX ASSETS | | 107,836 | | 35,334 | | (18,955) | | 1,984 | | (4,747) | | (3,111) | | 118,341 |
| Unused tax losses (*) | | 13,199 | | 11,376 | | (2,859) | | - | | (4,747) | | (15) | | 16,954 |
| Unused tax credits | | 2,483 | | 875 | | (56) | | - | | - | | 391 | | 3,693 |
| Deferred tax assets (temporary differences) | | 92,154 | | 23,084 | | (16,041) | | 1,984 | | - | | (3,487) | | 97,694 |
| DEFERRED TAX LIABILITIES | | (56,062) | | - | | 1,266 | | - | | 3,224 | | 5,974 | | (45,597) |
| Deferred tax liabilities (temporary differences) | | (56,062) | | - | | 1,266 | | - | | 3,224 | | 5,974 | | (45,597) |
| | | | | | | | | | | | | | |
| (*) Tax credits for loss carryforwards. | | | | |
