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:DisclosureOfCostOfSalesExplanatory

    2
    Cost of sales
     
        Year ended December 31,  
    (all amounts in thousands of U.S. dollars)   2017     2016     2015  
                 
    Inventories at the beginning of the year    
    1,563,889
         
    1,843,467
         
    2,779,869
     
                             
    Plus: Charges of the year                        
    Raw materials, energy, consumables and other    
    2,794,503
         
    1,528,532
         
    1,934,209
     
    Services and fees    
    244,035
         
    199,210
         
    298,470
     
    Labor cost    
    778,408
         
    658,975
         
    947,997
     
    Depreciation of property, plant and equipment    
    383,490
         
    376,965
         
    377,596
     
    Amortization of intangible assets    
    18,621
         
    27,244
         
    24,100
     
    Maintenance expenses    
    183,370
         
    122,553
         
    184,053
     
    Allowance for obsolescence    
    (12,917
    )    
    32,765
         
    68,669
     
    Taxes    
    18,542
         
    16,693
         
    21,523
     
    Other    
    88,823
         
    89,575
         
    92,059
     
         
    4,496,875
         
    3,052,512
         
    3,948,676
     
    Less: Inventories at the end of the year (*)    
    (2,368,304
    )    
    (1,593,708
    )    
    (1,843,467
    )
    From discontinued operations    
    (7,403
    )    
    (136,587
    )    
    (137,318
    )
         
    3,685,057
         
    3,165,684
         
    4,747,760
     
     
    (*) Inventories as of
    December 31, 2016
    include $
    29.8
    million related to discontinued operations.