Ternium S.A. | CIK:0001342874 | 3

  • Filed: 4/24/2018
  • Entity registrant name: Ternium S.A. (CIK: 0001342874)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1342874/000134287418000009/0001342874-18-000009-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1342874/000134287418000009/tx-20171231.xml
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    • ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory

    Changes in the liability recognized in the consolidated statement of financial position are as follows:
     
    Post-employment benefits
     
    As of December 31,
     
    2017
     
    2016
     
     
     
     
    At the beginning of the year
    252,624

     
    273,792

     
     
     
     
    Transfers, new participants and funding of the plan
    840

     
    (231
    )
    Total expense
    28,213

     
    27,758

    Remeasurements
    15,068

     
    14,735

    Effect of changes in demographic assumptions
    (4,950
    )
     
    (2,600
    )
    Effect of changes in financial assumptions
    14,110

     
    (1,360
    )
    Effect of experience adjustments
    5,908

     
    18,695

    Translation differences
    10,527

     
    (41,783
    )
    Contributions paid
    (31,322
    )
     
    (21,647
    )
     
     
     
     
    At the end of the year
    275,950

     
    252,624

    The amounts recognized in the consolidated statement of financial position are determined as follows:
     
    Post-employment benefits
     
    As of December 31,
     
    2017
     
    2016
     
     
     
     
    Present value of unfunded obligations
    275,950

     
    252,624

     
     
     
     
    Liability in the statement of financial position
    275,950

     
    252,624