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:DisclosureOfAdditionalInformationExplanatory

    (a)
    Statement of comprehensive income
     
    Cash flow hedges
     
    Currency
    translation
     
    Gross amount
     
    Income tax
     
    Total
     
    adjustment
     
     
     
     
     
     
     
     
    At December 31, 2015
    (566
    )
     
    170

     
    (396
    )
     
    (3,064,838
    )
     
     
     
     
     
     
     
     
    (Decrease) / Increase
    (179
    )
     
    54

     
    (125
    )
     
    (87,807
    )
    Reclassification to income statement
    820

     
    (246
    )
     
    574

     
    —

     
     
     
     
     
     
     
     
    At December 31, 2016
    75

     
    (22
    )
     
    53

     
    (3,152,645
    )
     
     
     
     
     
     
     
     
    (Decrease) / Increase
    363

     
    3

     
    366

     
    (104,393
    )
    Reclassification to income statement
    372

     
    (110
    )
     
    262

     
    —

     
     
     
     
     
     
     
     
    At December 31, 2017
    810

     
    (129
    )
     
    681

     
    (3,257,038
    )

    (b)
    Statement of cash flows
     
    Year ended December 31,
     
    2017
     
    2016
     
    2015
     
     
     
     
     
     
    (i) Changes in working capital (1)
     
     
     
     
     
    Inventories
    (540,162
    )
     
    (151,263
    )
     
    349,662

    Receivables and others
    (108,257
    )
     
    488

     
    (16,987
    )
    Trade receivables
    (303,114
    )
     
    (161,670
    )
     
    142,670

    Other liabilities
    40,230

     
    89,032

     
    (2,936
    )
    Trade payables
    46,333

     
    61,040

     
    36,735

     
     
     
     
     
     
     
    (864,970
    )
     
    (162,373
    )
     
    509,144

    (ii) Income tax accrual less payments
     
     
     
     
     
    Tax accrued (Note 11)
    336,882

     
    411,528

     
    207,320

    Taxes paid
    (610,325
    )
     
    (229,196
    )
     
    (231,252
    )
     
     
     
     
     
     
     
    (273,443
    )
     
    182,332

     
    (23,932
    )
    (iii) Interest accruals less payments
     
     
     
     
     
    Interest accrued (Note 10)
    114,583

     
    89,971

     
    89,489

    Interest paid
    (95,099
    )
     
    (77,272
    )
     
    (83,993
    )
     
     
     
     
     
     
     
    19,484

     
    12,699

     
    5,496

    (1)
    Changes in working capital are shown net of the effect of exchange rate changes.












    (c)
    Financial debt reconciliation
     
    Financial debt
     
    Finance lease liabilities
     
    Short term borrowings
     
    Long term borrowings
     
    Total
     
     
     
     
     
     
     
     
    As of December 31, 2015
    —

     
    (913,786
    )
     
    (607,237
    )
     
    (1,521,023
    )
     
     
     
     
     
     
     
     
    Cash flows
    —

     
    302,648

     
    (34,154
    )
     
    268,494

    Reclassifications
    —

     
    (246,182
    )
     
    246,182

     
    —

    Foreign exchange adjustments
    —

     
    (17,245
    )
     
    (1,591
    )
     
    (18,836
    )
    Other non cash movements
    —

     
    52,672

     
    58

     
    52,730

     
     
     
     
     
     
     
     
    As of December 31, 2016
    —

     
    (821,893
    )
     
    (396,742
    )
     
    (1,218,635
    )
     
     
     
     
     
     
     
     
    Cash flows
    364

     
    (540,918
    )
     
    (1,511,860
    )
     
    (2,052,414
    )
    Reclassifications
    —

     
    (192,547
    )
     
    192,547

     
    —

    Acquisitions - finance leases
    (76,879
    )
     
    —

     
    —

     
    (76,879
    )
    Foreign exchange adjustments
    (14,949
    )
     
    (32,574
    )
     
    (371
    )
     
    (47,894
    )
    Other non cash movements
    14,429

     
    82,362

     
    89

     
    96,880

     
     
     
     
     
     
     
     
    As of December 31, 2017
    (77,035
    )
     
    (1,505,570
    )
     
    (1,716,337
    )
     
    (3,298,942
    )