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:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory

    U Financial instruments
     
    Non derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowings and trade and other payables. Tenaris’s non derivative financial instruments are classified into the following categories:
     
    §
    		 Financial instruments at fair value through profit and loss: comprise mainly Other Investments current, investments in certain financial debt instruments and time deposits held for trading expiring in less than
    ninety
    days from the measurement date (included within cash and cash equivalents).
    §
    		 Loans and receivables: comprise cash and cash equivalents, trade receivables and other receivables and are measured at amortized cost using the effective interest rate method less any impairment.
    §
    		 Available for sale assets: comprise the Company’s interest in the Venezuelan Companies (see Note
    31
    ).
    §
    		 Held to maturity: comprise financial assets that the Company has both the ability and the intention to hold to maturity. They are measured at amortized cost using the effective interest method.
    §
    		 Other financial liabilities: comprise borrowings, trade and other payables and are measured at amortized cost using the effective interest rate method.
     
    The classification depends on the nature and purpose that the Company sets to the financial instrument.
     
    Financial assets and liabilities are recognized and derecognized on their settlement date.
     
    Accounting for derivative financial instruments and hedging activities is included within the Section III, Financial Risk Management.