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:DisclosureOfFinanceIncomeExpenseExplanatory

    6
    Financial results
     
    (all amounts in thousands of U.S. dollars)   Year ended December 31,  
        2017     2016     2015  
                 
    Interest Income    
    51,525
    		      
    60,405
    		      
    39,516
    		  
    Net result on changes in FV of financial assets at FVTPL    
    (3,920
    		 )    
    5,799
    		      
    (4,942
    		 )
    Finance income    
    47,605
    		      
    66,204
    		      
    34,574
    		  
    Finance cost    
    (27,072
    		 )    
    (22,329
    		 )    
    (23,058
    		 )
    Net foreign exchange transactions results (*)    
    (48,955
    		 )    
    (2,146
    		 )    
    (13,301
    		 )
    Foreign exchange derivatives contracts results (**)    
    (8,996
    		 )    
    (31,310
    		 )    
    30,468
    		  
    Other    
    14,392
    		      
    11,447
    		      
    (14,473
    		 )
    Other financial results    
    (43,559
    		 )    
    (22,009
    		 )    
    2,694
    		  
    Net financial results    
    (23,026
    		 )    
    21,866
    		      
    14,210
    		  
    From discontinued operations    
    9
    		      
    88
    		      
    382
    		  
         
    (23,017
    		 )    
    21,954
    		      
    14,592
    		  
     
    During
    2015
    Tenaris has derecognized all its fixed income financial instruments categorized as available for sale.
     
    (*)In
    2017
    and
    2016
    includes the negative impact from Euro appreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. Dollar, largely offset by an increase in currency translation adjustment reserve from an Italian subsidiary.
     
    (**) In
    2016
    includes the negative impact from Brazilian Real appreciation against the U.S. dollar on hedging instruments and of Cash and cash equivalent and Other investments denominated in U.S. dollar in subsidiaries which functional currency is the Brazilian real, partially offset by an increase in currency translation adjustment reserve from the Brazilian subsidiaries.