2023 Q4 Form 20-F Financial Statement
#000155485524000207 Filed on March 28, 2024
Income Statement
| Concept | 2023 Q4 | 2023 |
|---|---|---|
| Revenue | $3.415B | $14.87B |
| YoY Change | -5.67% | 26.41% |
| Cost Of Revenue | $2.121B | $8.669B |
| YoY Change | 2.74% | 22.31% |
| Gross Profit | $1.294B | $6.200B |
| YoY Change | -16.83% | 32.63% |
| Gross Profit Margin | 37.9% | 41.7% |
| Selling, General & Admin | $470.5M | $1.919B |
| YoY Change | 3.53% | 17.42% |
| % of Gross Profit | 36.35% | 30.96% |
| Research & Development | $60.00M | |
| YoY Change | 18.34% | |
| % of Gross Profit | 0.97% | |
| Depreciation & Amortization | $156.3M | $548.5M |
| YoY Change | -31.8% | -9.74% |
| % of Gross Profit | 12.08% | 8.85% |
| Operating Expenses | $475.4M | $1.884B |
| YoY Change | 1.91% | 15.22% |
| Operating Profit | $819.0M | $4.316B |
| YoY Change | -24.85% | 41.99% |
| Interest Expense | $100.7M | $202.0M |
| YoY Change | 233.29% | -16.79% |
| % of Operating Profit | 12.3% | 4.68% |
| Other Income/Expense, Net | $49.25M | $114.4M |
| YoY Change | 171.69% | -385.06% |
| Pretax Income | $968.9M | $4.633B |
| YoY Change | -8.71% | 46.33% |
| Income Tax | -$176.8M | $675.0M |
| % Of Pretax Income | -18.25% | 14.57% |
| Net Earnings | $1.129B | $3.918B |
| YoY Change | 39.86% | 53.45% |
| Net Earnings / Revenue | 33.06% | 26.35% |
| Basic Earnings Per Share | ||
| Diluted Earnings Per Share | $0.96 | $3.32 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 1.181B shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2023 Q4 | 2023 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $3.607B | $3.607B |
| YoY Change | 135.79% | 135.79% |
| Cash & Equivalents | $223.4M | $223.4M |
| Short-Term Investments | $3.014B | $3.014B |
| Other Short-Term Assets | $9.801M | $128.1M |
| YoY Change | -68.18% | 315.95% |
| Inventory | $3.921B | $3.921B |
| Prepaid Expenses | ||
| Receivables | $2.481B | $2.529B |
| Other Receivables | $485.2M | $318.4M |
| Total Short-Term Assets | $10.50B | $10.50B |
| YoY Change | 24.04% | 24.04% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $6.210B | $6.210B |
| YoY Change | 9.57% | 9.57% |
| Goodwill | $1.104B | |
| YoY Change | 1.75% | |
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $2.014B | $2.014B |
| YoY Change | 21.31% | 21.31% |
| Other Assets | $789.6M | $824.1M |
| YoY Change | 278.04% | 294.53% |
| Total Long-Term Assets | $10.58B | $10.58B |
| YoY Change | 16.47% | 16.47% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $10.50B | $10.50B |
| Total Long-Term Assets | $10.58B | $10.58B |
| Total Assets | $21.08B | $21.08B |
| YoY Change | 20.12% | 20.12% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $1.108B | $1.108B |
| YoY Change | -6.1% | -6.1% |
| Accrued Expenses | $301.2M | |
| YoY Change | 34.09% | |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $21.22M | $21.22M |
| YoY Change | 22478.72% | 22478.72% |
| Long-Term Debt Due | $551.7M | $551.7M |
| YoY Change | -22.39% | -22.39% |
| Total Short-Term Liabilities | $2.902B | $2.902B |
| YoY Change | 4.07% | 4.07% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $144.9M | $144.9M |
| YoY Change | 11.42% | 11.42% |
| Other Long-Term Liabilities | $373.0M | $373.0M |
| YoY Change | 13.62% | 13.62% |
| Total Long-Term Liabilities | $517.9M | $517.9M |
| YoY Change | 13.0% | 13.0% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $2.902B | $2.902B |
| Total Long-Term Liabilities | $517.9M | $517.9M |
| Total Liabilities | $4.239B | $4.239B |
| YoY Change | 16.31% | 16.31% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $16.84B | $16.84B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $21.08B | $21.08B |
| YoY Change | 20.12% | 20.12% |
Cashflow Statement
| Concept | 2023 Q4 | 2023 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $1.129B | $3.918B |
| YoY Change | 39.86% | 53.45% |
| Depreciation, Depletion And Amortization | $156.3M | $548.5M |
| YoY Change | -31.8% | -9.74% |
| Cash From Operating Activities | $835.7M | $4.395B |
| YoY Change | 59.51% | 276.54% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $166.8M | $619.4M |
| YoY Change | 38.15% | 55.9% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $606.7M | -$2.067B |
| YoY Change | 903.68% | -984.15% |
| Cash From Investing Activities | $439.8M | -$2.687B |
| YoY Change | -829.28% | 1542.58% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | -$213.7M | -$213.7M |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -505.7M | -1.125B |
| YoY Change | 44.03% | 530.81% |
| NET CHANGE | ||
| Cash From Operating Activities | 835.7M | 4.395B |
| Cash From Investing Activities | 439.8M | -2.687B |
| Cash From Financing Activities | -505.7M | -1.125B |
| Net Change In Cash | 769.9M | 583.5M |
| YoY Change | 584.24% | -29.29% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $835.7M | $4.395B |
| Capital Expenditures | $166.8M | $619.4M |
| Free Cash Flow | $668.9M | $3.776B |
| YoY Change | 65.91% | 390.42% |
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Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss
IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss
|
2673000 | usd |
| CY2021 | ifrs-full |
Income Tax Relating To Components Of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss
IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss
|
5137000 | usd |
| CY2023 | ifrs-full |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net Of Tax
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax
|
-4083000 | usd |
| CY2022 | ifrs-full |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net Of Tax
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax
|
3588000 | usd |
| CY2021 | ifrs-full |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method That Will Not Be Reclassified To Profit Or Loss Net Of Tax
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillNotBeReclassifiedToProfitOrLossNetOfTax
|
3829000 | usd |
| CY2023 | ifrs-full |
Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax
OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax
|
-8695000 | usd |
| CY2022 | ifrs-full |
Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax
OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax
|
14492000 | usd |
| CY2021 | ifrs-full |
Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net Of Tax
OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax
|
13340000 | usd |
| CY2023 | ifrs-full |
Other Comprehensive Income
OtherComprehensiveIncome
|
-44822000 | usd |
| CY2022 | ifrs-full |
Other Comprehensive Income
OtherComprehensiveIncome
|
-76885000 | usd |
| CY2021 | ifrs-full |
Other Comprehensive Income
OtherComprehensiveIncome
|
-82374000 | usd |
| CY2023 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
3913011000 | usd |
| CY2022 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
2471816000 | usd |
| CY2021 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
970944000 | usd |
| CY2023 | ifrs-full |
Comprehensive Income Attributable To Owners Of Parent
ComprehensiveIncomeAttributableToOwnersOfParent
|
3873213000 | usd |
| CY2022 | ifrs-full |
Comprehensive Income Attributable To Owners Of Parent
ComprehensiveIncomeAttributableToOwnersOfParent
|
2476373000 | usd |
| CY2021 | ifrs-full |
Comprehensive Income Attributable To Owners Of Parent
ComprehensiveIncomeAttributableToOwnersOfParent
|
1016434000 | usd |
| CY2023 | ifrs-full |
Comprehensive Income Attributable To Noncontrolling Interests
ComprehensiveIncomeAttributableToNoncontrollingInterests
|
39798000 | usd |
| CY2022 | ifrs-full |
Comprehensive Income Attributable To Noncontrolling Interests
ComprehensiveIncomeAttributableToNoncontrollingInterests
|
-4557000 | usd |
| CY2021 | ifrs-full |
Comprehensive Income Attributable To Noncontrolling Interests
ComprehensiveIncomeAttributableToNoncontrollingInterests
|
-45490000 | usd |
| CY2023 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
3913011000 | usd |
| CY2022 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
2471816000 | usd |
| CY2021 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
970944000 | usd |
| CY2023Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
6078179000 | usd |
| CY2022Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
5556263000 | usd |
| CY2023Q4 | ifrs-full |
Intangible Assets And Goodwill
IntangibleAssetsAndGoodwill
|
1377110000 | usd |
| CY2022Q4 | ifrs-full |
Intangible Assets And Goodwill
IntangibleAssetsAndGoodwill
|
1332508000 | usd |
| CY2023Q4 | ifrs-full |
Rightofuse Assets
RightofuseAssets
|
132138000 | usd |
| CY2022Q4 | ifrs-full |
Rightofuse Assets
RightofuseAssets
|
111741000 | usd |
| CY2023Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1608804000 | usd |
| CY2022Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1540646000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Investments Other Than Investments Accounted For Using Equity Method
NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
405631000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Investments Other Than Investments Accounted For Using Equity Method
NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
119902000 | usd |
| CY2023Q4 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
789615000 | usd |
| CY2022Q4 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
208870000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Receivables
NoncurrentReceivables
|
185959000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Assets
NoncurrentAssets
|
10577436000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Receivables
NoncurrentReceivables
|
211720000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Assets
NoncurrentAssets
|
9081650000 | usd |
| CY2023Q4 | ifrs-full |
Inventories
Inventories
|
3921097000 | usd |
| CY2022Q4 | ifrs-full |
Inventories
Inventories
|
3986929000 | usd |
| CY2023Q4 | ifrs-full |
Current Prepayments And Other Current Assets
CurrentPrepaymentsAndOtherCurrentAssets
|
228819000 | usd |
| CY2022Q4 | ifrs-full |
Current Prepayments And Other Current Assets
CurrentPrepaymentsAndOtherCurrentAssets
|
183811000 | usd |
| CY2023Q4 | ifrs-full |
Current Tax Assets Current
CurrentTaxAssetsCurrent
|
256401000 | usd |
| CY2022Q4 | ifrs-full |
Current Tax Assets Current
CurrentTaxAssetsCurrent
|
243136000 | usd |
| CY2023Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2480889000 | usd |
| CY2022Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2493940000 | usd |
| CY2023Q4 | ifrs-full |
Current Derivative Financial Assets
CurrentDerivativeFinancialAssets
|
9801000 | usd |
| CY2022Q4 | ifrs-full |
Current Derivative Financial Assets
CurrentDerivativeFinancialAssets
|
30805000 | usd |
| CY2023Q4 | ifrs-full |
Current Investments
CurrentInvestments
|
1969631000 | usd |
| CY2022Q4 | ifrs-full |
Current Investments
CurrentInvestments
|
438448000 | usd |
| CY2023Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1637821000 | usd |
| CY2023Q4 | ifrs-full |
Current Assets
CurrentAssets
|
10504459000 | usd |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1091527000 | usd |
| CY2022Q4 | ifrs-full |
Current Assets
CurrentAssets
|
8468596000 | usd |
| CY2023Q4 | ifrs-full |
Assets
Assets
|
21081895000 | usd |
| CY2022Q4 | ifrs-full |
Assets
Assets
|
17550246000 | usd |
| CY2023Q4 | ifrs-full |
Equity Attributable To Owners Of Parent
EquityAttributableToOwnersOfParent
|
16842972000 | usd |
| CY2022Q4 | ifrs-full |
Equity Attributable To Owners Of Parent
EquityAttributableToOwnersOfParent
|
13905709000 | usd |
| CY2023Q4 | ifrs-full |
Noncontrolling Interests
NoncontrollingInterests
|
187465000 | usd |
| CY2022Q4 | ifrs-full |
Noncontrolling Interests
NoncontrollingInterests
|
128728000 | usd |
| CY2023Q4 | ifrs-full |
Equity
Equity
|
17030437000 | usd |
| CY2022Q4 | ifrs-full |
Equity
Equity
|
14034437000 | usd |
| CY2023Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
48304000 | usd |
| CY2022Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
46433000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Lease Liabilities
NoncurrentLeaseLiabilities
|
96598000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Lease Liabilities
NoncurrentLeaseLiabilities
|
83616000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Derivative Financial Liabilities
NoncurrentDerivativeFinancialLiabilities
|
255000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Derivative Financial Liabilities
NoncurrentDerivativeFinancialLiabilities
|
usd | |
| CY2023Q4 | ifrs-full |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
631605000 | usd |
| CY2022Q4 | ifrs-full |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
269069000 | usd |
| CY2023Q4 | ifrs-full |
Other Noncurrent Liabilities
OtherNoncurrentLiabilities
|
271268000 | usd |
| CY2022Q4 | ifrs-full |
Other Noncurrent Liabilities
OtherNoncurrentLiabilities
|
230142000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Provisions
NoncurrentProvisions
|
101453000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Liabilities
NoncurrentLiabilities
|
1149483000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Provisions
NoncurrentProvisions
|
98126000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Liabilities
NoncurrentLiabilities
|
727386000 | usd |
| CY2023Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
535133000 | usd |
| CY2022Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
682329000 | usd |
| CY2023Q4 | ifrs-full |
Current Lease Liabilities
CurrentLeaseLiabilities
|
37835000 | usd |
| CY2022Q4 | ifrs-full |
Current Lease Liabilities
CurrentLeaseLiabilities
|
28561000 | usd |
| CY2023Q4 | ifrs-full |
Current Derivative Financial Liabilities
CurrentDerivativeFinancialLiabilities
|
10895000 | usd |
| CY2022Q4 | ifrs-full |
Current Derivative Financial Liabilities
CurrentDerivativeFinancialLiabilities
|
7127000 | usd |
| CY2023Q4 | ifrs-full |
Current Tax Liabilities Current
CurrentTaxLiabilitiesCurrent
|
488277000 | usd |
| CY2022Q4 | ifrs-full |
Current Tax Liabilities Current
CurrentTaxLiabilitiesCurrent
|
376240000 | usd |
| CY2023Q4 | ifrs-full |
Other Current Liabilities
OtherCurrentLiabilities
|
422645000 | usd |
| CY2022Q4 | ifrs-full |
Other Current Liabilities
OtherCurrentLiabilities
|
260614000 | usd |
| CY2023Q4 | ifrs-full |
Current Provisions
CurrentProvisions
|
35959000 | usd |
| CY2022Q4 | ifrs-full |
Current Provisions
CurrentProvisions
|
11185000 | usd |
| CY2023Q4 | ifrs-full |
Current Advances
CurrentAdvances
|
263664000 | usd |
| CY2022Q4 | ifrs-full |
Current Advances
CurrentAdvances
|
242910000 | usd |
| CY2023Q4 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
1107567000 | usd |
| CY2023Q4 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
2901975000 | usd |
| CY2022Q4 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
1179457000 | usd |
| CY2022Q4 | ifrs-full |
Current Liabilities
CurrentLiabilities
|
2788423000 | usd |
| CY2023Q4 | ifrs-full |
Liabilities
Liabilities
|
4051458000 | usd |
| CY2022Q4 | ifrs-full |
Liabilities
Liabilities
|
3515809000 | usd |
| CY2023Q4 | ifrs-full |
Equity And Liabilities
EquityAndLiabilities
|
21081895000 | usd |
| CY2022Q4 | ifrs-full |
Equity And Liabilities
EquityAndLiabilities
|
17550246000 | usd |
| CY2022Q4 | ifrs-full |
Equity
Equity
|
14034437000 | usd |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
3957833000 | usd |
| CY2023 | ifrs-full |
Gains Losses On Exchange Differences On Translation Before Tax
GainsLossesOnExchangeDifferencesOnTranslationBeforeTax
|
38937000 | usd |
| CY2023 | ifrs-full |
Reclassification Adjustments On Exchange Differences On Translation Before Tax
ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax
|
878000 | usd |
| CY2023 | ifrs-full |
Other Comprehensive Income Net Of Tax Gains Losses On Remeasurements Of Defined Benefit Plans
OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans
|
-4612000 | usd |
| CY2023 | ifrs-full |
Other Comprehensive Income Net Of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income
OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome
|
-137024000 | usd |
| CY2023 | ifrs-full |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod
|
58755000 | usd |
| CY2023 | ifrs-full |
Other Comprehensive Income
OtherComprehensiveIncome
|
-44822000 | usd |
| CY2023 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
3913011000 | usd |
| CY2023 | ifrs-full |
Purchase Of Treasury Shares
PurchaseOfTreasuryShares
|
213739000 | usd |
| CY2023 | ifrs-full |
Cancellation Of Treasury Shares
CancellationOfTreasuryShares
|
-86240000 | usd |
| CY2023 | ifrs-full |
Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss Of Control
IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl
|
38446000 | usd |
| CY2023 | ifrs-full |
Dividends Paid
DividendsPaid
|
655478000 | usd |
| CY2023Q4 | ifrs-full |
Equity
Equity
|
17030437000 | usd |
| CY2023Q4 | ifrs-full |
Number Of Shares Authorised
NumberOfSharesAuthorised
|
2500000000 | shares |
| CY2023Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2023Q4 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
1180536830 | shares |
| CY2021Q4 | ifrs-full |
Equity
Equity
|
12105702000 | usd |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
2548701000 | usd |
| CY2022 | ifrs-full |
Gains Losses On Exchange Differences On Translation Before Tax
GainsLossesOnExchangeDifferencesOnTranslationBeforeTax
|
-23710000 | usd |
| CY2022 | ifrs-full |
Reclassification Adjustments On Exchange Differences On Translation Before Tax
ReclassificationAdjustmentsOnExchangeDifferencesOnTranslationBeforeTax
|
71252000 | usd |
| CY2022 | ifrs-full |
Other Comprehensive Income Net Of Tax Gains Losses On Remeasurements Of Defined Benefit Plans
OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans
|
10904000 | usd |
| CY2022 | ifrs-full |
Other Comprehensive Income Net Of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income
OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome
|
-5186000 | usd |
| CY2022 | ifrs-full |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod
|
12359000 | usd |
| CY2022 | ifrs-full |
Other Comprehensive Income
OtherComprehensiveIncome
|
-76885000 | usd |
| CY2022 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
2471816000 | usd |
| CY2022 | ifrs-full |
Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss Of Control
IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl
|
-1407000 | usd |
| CY2022 | ifrs-full |
Dividends Paid
DividendsPaid
|
541674000 | usd |
| CY2022Q4 | ifrs-full |
Equity
Equity
|
14034437000 | usd |
| CY2022Q4 | ifrs-full |
Number Of Shares Authorised
NumberOfSharesAuthorised
|
2500000000 | shares |
| CY2022Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2022Q4 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
1180536830 | shares |
| CY2020Q4 | ifrs-full |
Equity
Equity
|
11446473000 | usd |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
1053318000 | usd |
| CY2021 | ifrs-full |
Gains Losses On Exchange Differences On Translation Before Tax
GainsLossesOnExchangeDifferencesOnTranslationBeforeTax
|
-81953000 | usd |
| CY2021 | ifrs-full |
Other Comprehensive Income Net Of Tax Gains Losses On Remeasurements Of Defined Benefit Plans
OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans
|
9511000 | usd |
| CY2021 | ifrs-full |
Other Comprehensive Income Net Of Tax Financial Assets Measured At Fair Value Through Other Comprehensive Income
OtherComprehensiveIncomeNetOfTaxFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome
|
-2689000 | usd |
| CY2021 | ifrs-full |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethod
|
-7243000 | usd |
| CY2021 | ifrs-full |
Other Comprehensive Income
OtherComprehensiveIncome
|
-82374000 | usd |
| CY2021 | ifrs-full |
Comprehensive Income
ComprehensiveIncome
|
970944000 | usd |
| CY2021 | ifrs-full |
Increase Decrease Through Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss Of Control
IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl
|
10384000 | usd |
| CY2021 | ifrs-full |
Dividends Paid
DividendsPaid
|
322099000 | usd |
| CY2021Q4 | ifrs-full |
Equity
Equity
|
12105702000 | usd |
| CY2021Q4 | ifrs-full |
Number Of Shares Authorised
NumberOfSharesAuthorised
|
2500000000 | shares |
| CY2021Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2021Q4 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
1180536830 | shares |
| CY2023 | ifrs-full |
Profit Loss
ProfitLoss
|
3957833000 | usd |
| CY2022 | ifrs-full |
Profit Loss
ProfitLoss
|
2548701000 | usd |
| CY2021 | ifrs-full |
Profit Loss
ProfitLoss
|
1053318000 | usd |
| CY2023 | ifrs-full |
Adjustments For Depreciation And Amortisation Expense
AdjustmentsForDepreciationAndAmortisationExpense
|
548510000 | usd |
| CY2022 | ifrs-full |
Adjustments For Depreciation And Amortisation Expense
AdjustmentsForDepreciationAndAmortisationExpense
|
607723000 | usd |
| CY2021 | ifrs-full |
Adjustments For Depreciation And Amortisation Expense
AdjustmentsForDepreciationAndAmortisationExpense
|
594721000 | usd |
| CY2023 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
|
usd | |
| CY2022 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
|
76725000 | usd |
| CY2021 | ifrs-full |
Adjustments For Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss
AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
|
57075000 | usd |
| CY2023 | ifrs-full |
Adjustments For Income Tax Expense
AdjustmentsForIncomeTaxExpense
|
-143391000 | usd |
| CY2022 | ifrs-full |
Adjustments For Income Tax Expense
AdjustmentsForIncomeTaxExpense
|
257651000 | usd |
| CY2021 | ifrs-full |
Adjustments For Income Tax Expense
AdjustmentsForIncomeTaxExpense
|
35602000 | usd |
| CY2023 | ifrs-full |
Adjustments For Undistributed Profits Of Associates
AdjustmentsForUndistributedProfitsOfAssociates
|
95404000 | usd |
| CY2022 | ifrs-full |
Adjustments For Undistributed Profits Of Associates
AdjustmentsForUndistributedProfitsOfAssociates
|
208702000 | usd |
| CY2021 | ifrs-full |
Adjustments For Undistributed Profits Of Associates
AdjustmentsForUndistributedProfitsOfAssociates
|
512591000 | usd |
| CY2023 | ifrs-full |
Adjustments For Finance Income Cost
AdjustmentsForFinanceIncomeCost
|
53480000 | usd |
| CY2022 | ifrs-full |
Adjustments For Finance Income Cost
AdjustmentsForFinanceIncomeCost
|
-1480000 | usd |
| CY2021 | ifrs-full |
Adjustments For Finance Income Cost
AdjustmentsForFinanceIncomeCost
|
11363000 | usd |
| CY2023 | ifrs-full |
Adjustments For Provisions
AdjustmentsForProvisions
|
21284000 | usd |
| CY2022 | ifrs-full |
Adjustments For Provisions
AdjustmentsForProvisions
|
16433000 | usd |
| CY2021 | ifrs-full |
Adjustments For Provisions
AdjustmentsForProvisions
|
7381000 | usd |
| CY2023 | ts |
Adjustments For Reclassification Of Foreign Exchange Reserve
AdjustmentsForReclassificationOfForeignExchangeReserve
|
-878000 | usd |
| CY2022 | ts |
Adjustments For Reclassification Of Foreign Exchange Reserve
AdjustmentsForReclassificationOfForeignExchangeReserve
|
-71252000 | usd |
| CY2021 | ts |
Adjustments For Reclassification Of Foreign Exchange Reserve
AdjustmentsForReclassificationOfForeignExchangeReserve
|
usd | |
| CY2023 | ifrs-full |
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates
AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates
|
usd | |
| CY2022 | ifrs-full |
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates
AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates
|
usd | |
| CY2021 | ifrs-full |
Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates
AdjustmentsForGainLossOnDisposalOfInvestmentsInSubsidiariesJointVenturesAndAssociates
|
6768000 | usd |
| CY2023 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
-182428000 | usd |
| CY2022 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
2131245000 | usd |
| CY2021 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
1071464000 | usd |
| CY2023 | ifrs-full |
Other Adjustments For Noncash Items
OtherAdjustmentsForNoncashItems
|
-21829000 | usd |
| CY2022 | ifrs-full |
Other Adjustments For Noncash Items
OtherAdjustmentsForNoncashItems
|
69703000 | usd |
| CY2021 | ifrs-full |
Other Adjustments For Noncash Items
OtherAdjustmentsForNoncashItems
|
-26836000 | usd |
| CY2023 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
4395073000 | usd |
| CY2022 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
1167217000 | usd |
| CY2021 | ifrs-full |
Cash Flows From Used In Operating Activities
CashFlowsFromUsedInOperatingActivities
|
119075000 | usd |
| CY2023 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
619445000 | usd |
| CY2022 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
378446000 | usd |
| CY2021 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
239518000 | usd |
| CY2023 | ts |
Cash Flows From Used In Decrease Increase In Advance To Suppliers Of Property Plant And Equipment
CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment
|
1736000 | usd |
| CY2022 | ts |
Cash Flows From Used In Decrease Increase In Advance To Suppliers Of Property Plant And Equipment
CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment
|
-18901000 | usd |
| CY2021 | ts |
Cash Flows From Used In Decrease Increase In Advance To Suppliers Of Property Plant And Equipment
CashFlowsFromUsedInDecreaseIncreaseInAdvanceToSuppliersOfPropertyPlantAndEquipment
|
-5075000 | usd |
| CY2023 | ifrs-full |
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities
CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities
|
usd | |
| CY2022 | ifrs-full |
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities
CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities
|
usd | |
| CY2021 | ifrs-full |
Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities
CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities
|
24332000 | usd |
| CY2023 | ifrs-full |
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities
CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities
|
265657000 | usd |
| CY2022 | ifrs-full |
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities
CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities
|
4082000 | usd |
| CY2021 | ifrs-full |
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities
CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities
|
usd | |
| CY2023 | ifrs-full |
Purchase Of Investments Other Than Investments Accounted For Using Equity Method
PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
1126000 | usd |
| CY2022 | ifrs-full |
Purchase Of Investments Other Than Investments Accounted For Using Equity Method
PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
usd | |
| CY2021 | ifrs-full |
Purchase Of Investments Other Than Investments Accounted For Using Equity Method
PurchaseOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
692000 | usd |
| CY2023 | ifrs-full |
Purchase Of Interests In Associates
PurchaseOfInterestsInAssociates
|
22661000 | usd |
| CY2022 | ifrs-full |
Purchase Of Interests In Associates
PurchaseOfInterestsInAssociates
|
usd | |
| CY2021 | ifrs-full |
Purchase Of Interests In Associates
PurchaseOfInterestsInAssociates
|
usd | |
| CY2023 | ifrs-full |
Cash Advances And Loans Made To Related Parties
CashAdvancesAndLoansMadeToRelatedParties
|
3754000 | usd |
| CY2023 | ifrs-full |
Proceeds From Disposals Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
12881000 | usd |
| CY2022 | ifrs-full |
Proceeds From Disposals Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
48458000 | usd |
| CY2021 | ifrs-full |
Proceeds From Disposals Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
ProceedsFromDisposalsOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
22735000 | usd |
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Dividends Received From Associates Classified As Investing Activities
DividendsReceivedFromAssociatesClassifiedAsInvestingActivities
|
68781000 | usd |
| CY2022 | ifrs-full |
Dividends Received From Associates Classified As Investing Activities
DividendsReceivedFromAssociatesClassifiedAsInvestingActivities
|
66162000 | usd |
| CY2021 | ifrs-full |
Dividends Received From Associates Classified As Investing Activities
DividendsReceivedFromAssociatesClassifiedAsInvestingActivities
|
75929000 | usd |
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Cash Flows From Used In Decrease Increase In Shortterm Deposits And Investments
CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments
|
-1857272000 | usd |
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Cash Flows From Used In Decrease Increase In Shortterm Deposits And Investments
CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments
|
123254000 | usd |
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Cash Flows From Used In Decrease Increase In Shortterm Deposits And Investments
CashFlowsFromUsedInDecreaseIncreaseInShorttermDepositsAndInvestments
|
390186000 | usd |
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Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-2686517000 | usd |
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Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
-163555000 | usd |
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Cash Flows From Used In Investing Activities
CashFlowsFromUsedInInvestingActivities
|
267897000 | usd |
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Dividends Paid Classified As Financing Activities
DividendsPaidClassifiedAsFinancingActivities
|
636511000 | usd |
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Dividends Paid Classified As Financing Activities
DividendsPaidClassifiedAsFinancingActivities
|
531242000 | usd |
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Dividends Paid Classified As Financing Activities
DividendsPaidClassifiedAsFinancingActivities
|
318744000 | usd |
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Dividends Paid To Noncontrolling Interests Classified As Financing Activities
DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities
|
18967000 | usd |
| CY2022 | ifrs-full |
Dividends Paid To Noncontrolling Interests Classified As Financing Activities
DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities
|
10432000 | usd |
| CY2021 | ifrs-full |
Dividends Paid To Noncontrolling Interests Classified As Financing Activities
DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities
|
3355000 | usd |
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Proceeds Payments From Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss Of Control
ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl
|
3772000 | usd |
| CY2022 | ts |
Proceeds Payments From Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss Of Control
ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl
|
-1407000 | usd |
| CY2021 | ts |
Proceeds Payments From Changes In Ownership Interests In Subsidiaries That Do Not Result In Loss Of Control
ProceedsPaymentsFromChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl
|
usd | |
| CY2023 | ifrs-full |
Payments To Acquire Or Redeem Entitys Shares
PaymentsToAcquireOrRedeemEntitysShares
|
213739000 | usd |
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Payments To Acquire Or Redeem Entitys Shares
PaymentsToAcquireOrRedeemEntitysShares
|
usd | |
| CY2021 | ifrs-full |
Payments To Acquire Or Redeem Entitys Shares
PaymentsToAcquireOrRedeemEntitysShares
|
usd | |
| CY2023 | ifrs-full |
Payments Of Lease Liabilities Classified As Financing Activities
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
|
51492000 | usd |
| CY2022 | ifrs-full |
Payments Of Lease Liabilities Classified As Financing Activities
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
|
52396000 | usd |
| CY2021 | ifrs-full |
Payments Of Lease Liabilities Classified As Financing Activities
PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities
|
48473000 | usd |
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Proceeds From Borrowings Classified As Financing Activities
ProceedsFromBorrowingsClassifiedAsFinancingActivities
|
1723677000 | usd |
| CY2022 | ifrs-full |
Proceeds From Borrowings Classified As Financing Activities
ProceedsFromBorrowingsClassifiedAsFinancingActivities
|
1511503000 | usd |
| CY2021 | ifrs-full |
Proceeds From Borrowings Classified As Financing Activities
ProceedsFromBorrowingsClassifiedAsFinancingActivities
|
843668000 | usd |
| CY2023 | ifrs-full |
Repayments Of Borrowings Classified As Financing Activities
RepaymentsOfBorrowingsClassifiedAsFinancingActivities
|
1931747000 | usd |
| CY2022 | ifrs-full |
Repayments Of Borrowings Classified As Financing Activities
RepaymentsOfBorrowingsClassifiedAsFinancingActivities
|
1094370000 | usd |
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Repayments Of Borrowings Classified As Financing Activities
RepaymentsOfBorrowingsClassifiedAsFinancingActivities
|
1121053000 | usd |
| CY2023 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
-1125007000 | usd |
| CY2022 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
-178344000 | usd |
| CY2021 | ifrs-full |
Cash Flows From Used In Financing Activities
CashFlowsFromUsedInFinancingActivities
|
-647957000 | usd |
| CY2023 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
583549000 | usd |
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Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
825318000 | usd |
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Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
-260985000 | usd |
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Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
1091433000 | usd |
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Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
318067000 | usd |
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Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
584583000 | usd |
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Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
|
58385000 | usd |
| CY2022 | ifrs-full |
Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
|
51952000 | usd |
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Effect Of Exchange Rate Changes On Cash And Cash Equivalents
EffectOfExchangeRateChangesOnCashAndCashEquivalents
|
5531000 | usd |
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Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
583549000 | usd |
| CY2022 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
825318000 | usd |
| CY2021 | ifrs-full |
Increase Decrease In Cash And Cash Equivalents Before Effect Of Exchange Rate Changes
IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges
|
-260985000 | usd |
| CY2023Q4 | ifrs-full |
Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
1616597000 | usd |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
1091433000 | usd |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
318067000 | usd |
| CY2023Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1637821000 | usd |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1091527000 | usd |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
318127000 | usd |
| CY2023Q4 | ifrs-full |
Bank Overdrafts Classified As Cash Equivalents
BankOverdraftsClassifiedAsCashEquivalents
|
21224000 | usd |
| CY2022Q4 | ifrs-full |
Bank Overdrafts Classified As Cash Equivalents
BankOverdraftsClassifiedAsCashEquivalents
|
94000 | usd |
| CY2021Q4 | ifrs-full |
Bank Overdrafts Classified As Cash Equivalents
BankOverdraftsClassifiedAsCashEquivalents
|
60000 | usd |
| CY2023Q4 | ifrs-full |
Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
1616597000 | usd |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
1091433000 | usd |
| CY2021Q4 | ifrs-full |
Cash And Cash Equivalents If Different From Statement Of Financial Position
CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition
|
318067000 | usd |
| CY2023 | ts |
Currency Translation Adjustment Working Capital
CurrencyTranslationAdjustmentWorkingCapital
|
-16700000 | usd |
| CY2022 | ts |
Currency Translation Adjustment Working Capital
CurrencyTranslationAdjustmentWorkingCapital
|
4200000 | usd |
| CY2021 | ts |
Currency Translation Adjustment Working Capital
CurrencyTranslationAdjustmentWorkingCapital
|
25600000 | usd |
| CY2023 | ifrs-full |
Disclosure Of General Information About Financial Statements Explanatory
DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory
|
<p style="line-height: 12pt; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">I.</span> <span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">GENERAL INFORMATION</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris S.A. (the “Company”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">) was established as a public limited liability company (</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">oci</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">é</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">té </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">nonyme</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">) under the laws of the Grand-Duchy of Luxembourg on December 17, 2001. The Company holds, either directly or indirectly, controlling interests in various subsidiaries in the steel pipe manufacturing and distribution businesses. References in these Consolidated Financial Statements to “</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris” refer to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and its consolidated subsidiaries. A list of the principal Company’s subsidiaries is included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ote</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">33</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated Financial Statements.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company’s shares trade on the Italian Stock Exchange and the Mexican Stock Exchange; </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company’s American Depositary Securities (“ADS”) trade on the New York Stock Exchange.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">These Consolidated Financial Statements were approved for issuance by the Company’s Board of Directors on</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> February </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">21</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Material Accounting Policy Information Explanatory
DisclosureOfMaterialAccountingPolicyInformationExplanatory
|
<p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">II</span><span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">. </span><span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">A</span><span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">CCOUNTING POLICIES</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The accounting policies applied in the preparation of these Consolidated Financial Statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">A</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Basis of presentation</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Consolidated Financial Statements of Tenaris have been prepared in accordance with International Financial Reporting Standards (“IFRS</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">"</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">"</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">IFRS Accounting Standards</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”), as issued by the International Accounting Standards Board (“IASB”) and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in accordance with IFRS</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> as adopted by the European Union,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">under the historical cost convention, as modified by the revaluation of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">certain </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">financial assets</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and liabilities (including derivative instruments) and plan assets at fair value. The Consolidated Financial Statements are, unless otherwise noted, presented in thousands of U.S. dollars (“$”).</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Whenever necessary, c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ertain comparative amounts</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">have been reclassified to conform to changes in presentation in the current year.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The preparation of Consolidated Financial Statements in conformity with IFRS requires management to make certain accounting estimates and assumptions that might affect among others, the reported amounts of assets, liabilities, contingent liabilities, revenues and expenses. Actual results may differ from these estimates.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> The</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> main</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> areas involving </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">material</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> estimates or judgements are: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mpairment of goodwill</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">long-lived assets (not</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">H</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">),</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">impairment in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> investments in associates (note II.B)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">; i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">axes </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">including recoverability of deferred tax assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(note II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">); </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">obsolescence of inventory (note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">II.J</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">); contingencies (note II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Q</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">); </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">allowance for trade receivables (note II.K)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">post-employment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and other long-term </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">benefits</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (note II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">P</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">);</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">business combinations </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(notes II.B); u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">seful lives of property, plant and equipment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> other long-lived assets (notes II.E, II.F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">H</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">property title ownership </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">restriction</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">IV</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>28</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">). </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">During the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> there were no </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">significant</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> changes in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">material</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> accounting estimates</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and judgements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Accounting pronouncements applicable as from J</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">anuary <span>1</span>, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"><span>3</span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Amendments to IAS <span>12</span> - International Tax Reform</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Pillar <span>Two</span> Model Rules</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In December 2021, the Organization for Economic Co-operation and Development (“OECD”) released the Pillar <span>Two</span> model rules (the Global Anti-Base Erosion rules, or “</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">GloBE</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”) to reform international corporate taxation. Following Pillar <span>Two</span> OECD’s initiative, the European Union adopted in December 2022 a directive to impose a global minimum taxation for multinational companies in the Union, to be effective as from <span>2024</span>.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In May 2023, the IASB made narrow-scope amendments to IAS <span>12</span> setting an exception that provides relief from the requirement to recognize and disclose deferred taxes arising from enacted or substantively enacted tax laws that implement the Pillar <span>Two</span> model rules, including tax laws that implement qualified domestic minimum top-up taxes as per described in those rules. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">On December 20, 2023, the Luxembourg Parliament approved the Pillar <span>Two</span> law transposing the EU Pillar <span>Two</span> Directive into domestic legislation. The law enters into force as from fiscal years starting on or after 31 December 2023.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <div> <div id="t_ft_61T6OQ0W8W00000000000000000000b"> </div> </div> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company is within the scope of the rules, and therefore will be required to calculate its </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">GloBE</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> effective tax rate for each jurisdiction where it operates and will be liable to pay a top-up tax for the difference between its </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">GloBE</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> effective tax rate per jurisdiction and the 15% minimum rate, as from <span>2024</span>.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For more information see note <span>9</span>.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Other accounting pronouncements that became effective during <span>2023</span> have <span>no</span> material effect on the Company’s financial condition or results of operations.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">New ac</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">counting pronouncements </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">not </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">applicable as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">of December 3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"><span>1</span>, <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"><span>3</span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Certain</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">new</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ly published</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> accounting standards, amendments to accounting standards and interpretations are not mandatory for December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> reporting periods and have not been early adopted by the Company. These standards, amendments or interpretations are not expected to have a material impact in the current or future reporting periods and on foreseeable future transactions.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">B </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Group accounting</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Subsidiaries and transactions with non-controlling interest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">s</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Subsidiaries are all entities over which Tenaris has control. Tenaris controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In some cases, the Company considers that it has the ability to affect returns through its power over an entity even if it holds less than 50% of the shares or voting rights of the subsidiary because it is able to prevail at all of the subsidiary’s general meetings, which in turn allows Tenaris to nominate and appoint a majority of the subsidiary’s board of directors.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Subsidiaries are fully consolidated from the date on which control is exercised by the Company and are no longer consolidated from the date control ceases.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> method is used to account for the acquisition of subsidiaries by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The cost of an acquisition is measured as the fair value of the assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">transferred</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, equity instruments issued and liabilities incurred or assumed at the date of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">exchange</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Acquisition-related costs are expensed as incurred.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Identifiable assets acquired</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> liabilities and contingent liabilities assumed in a business combination are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">generally </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">measured initially at their fair values at the acquisition date</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Any non-controlling interest in the acquiree is measured either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">identifiable </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">assets. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The excess of the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> aggregate of the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">consideration transferred</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the amount of any non-controlling interest in the acquiree</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">over the fair value of the identifiable net assets acquired is recorded as goodwill. If </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">this</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Contingent consideration is classified either as equity or a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquire</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ransactions with non-controlling interests </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">that do not result in a loss of control</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are accounted</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as transactions with equity owners of the Company. For purchases from non-controlling interests, the difference between any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity.</span> <br/></p> <div> <div id="t_ft_UZDALSEISW00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">When the Company ceases to have control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognized in profit or loss. The fair value is the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Material intercompany transactions</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">balances </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and unrealized gains (losses) on transactions </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">between Tenaris subsidiaries have been eliminated in consolidation. However, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">since</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the functional currency of some subsidiaries </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s respective local currency, some financial gains (losses) arising from intercompany transactions</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are generated. These</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are included in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other f</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">inancial results</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Non-consolidated companies</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Non-consolidated companies are all entities in which Tenaris has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. Investments in non-consolidated companies (associate</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and joint ventures) are accounted for by the equity method and are initially recognized at </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (as defined by IAS <span>28</span>, “Investments in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ssociates and Joint Ventures”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> The Company’s investment in non-consolidated companies includes goodwill identified in acquisition, net of any accumulated impairment loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Under the equity method, the investments are initially recognized at cost and adjusted thereafter to recognize Tenaris’s share of the post-acquisition profits or losses of the investee in profit or loss, and Tenaris’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">If material, unrealized results on transactions between Tenaris and its non-consolidated companies are eliminated to the extent of Tenaris’s interest in the non-consolidated companies. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment indicator of the asset transferred. Financial statements of non-consolidated companies </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> adjusted where necessary to ensure consistency with IFRS.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">The Company’s pro-rata share of earnings in non-consolidated companies is recorded in the Consolidated Income Statement under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Equity in earnings</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">of non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">. The Company’s pro-rata share of changes in other comprehensive income is recognized in the Consolidated Statement of Comprehensive Income.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">a)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Ternium</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">At December 31, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">, Tenaris </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">h</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">ld </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">11.46</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">%</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> share capital </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Ternium S.A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Ternium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">. The following factors and circumstances evidence that Tenaris has significant influence </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">over Ternium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -13.32pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oth the Company and Ternium are under</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> indirect com</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mon control of San Faustin S.A.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“San Faustin”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -13.32pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">f</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">our out of eight</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> members of Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors (including Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">hairman) are also members of t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he Company’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -13.32pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nder the shareholders</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> agreement by and between </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techint</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Holdings </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S.àr.l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ("</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techint</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">")</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, a wholly owned subsidiary of San Faustin </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and Ternium’s main shareholder, dated January 9, 2006</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techint</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is required to take actions within its power to cause</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (a) <span>one</span> of the members of Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors to be nominated by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and (b) any director nominated by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to be removed </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">from Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">only </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">pursuant to previous written instructions of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></li> </ul> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">b)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Usiminas</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"><span>3</span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris he</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ld, through its Brazilian subsidiary Confab Industrial S.A. (“Confab”), 47.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million ordinary shares and 1.3 million preferred shares of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usinas</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Siderúrgicas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> de Minas Gerais S.A. - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”), representing 6.76</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% of its shares with voting rights and 3.96</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% of its total share capital.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Confab’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">participation in</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> share</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> capital is the result of a series of acquisitions, the first of which was </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">performed on January 16, 2012, pursuant to which Ternium (through certain of its subsidiaries) and Confab acquired a large block of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ordinary shares and joined </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ existing control group. Subsequently, in <span>2016</span>, Ternium and Confab subscribed to additional ordinary shares and to preferred shares.</span> <br/></p> <div> <div id="t_ft_JL08KSBPO000000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">More recently, o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n March 30, 2023, Confab, together with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Ternium (through its subsidiaries </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Ternium Investments and Ternium Argentina</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">agreed to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquire an additional </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">68.7 million ordinary shares of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> at a price of BRL10 per ordinary share. The transaction closed on July 3, 2023 and was financed with cash on hand. Tenaris paid approximately BRL110 million (approximately $22.7 million) in cash for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">11 million ordinary shares, increasing its participation in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group to 9.8%.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group comprises the T/T Group, formed by Ternium Investments, Ternium Argentina and Confab; the NSC Group, comprising Nippon Steel Corporation, Mitsubishi and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">MetalOne</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">; and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ employee pension fund, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Previdência</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. At December 31, 2023, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group held, in the aggregate, 483.6 million ordinary shares, representing approximately 68.6% of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ voting capital and the T/T Group held an aggregate participation of 61.3% in the control group (with 51.5% of the control group’s participation corresponding to Ternium’s subsidiaries, and remaining 9.8</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% corresponding to Confab); the NSC Group and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Previdência</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> held 31.7% and 7%, respectively, in the control group.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Upon </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">closing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of the July 3, 2023 acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">then </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">existing </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shareholders agreement </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">governing the relationship between the T/T Group, the NSC Group and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Previdência</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">was replaced by a new shareholders agreement setting forth a new governance structure for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The T/T Group is </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">now </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entitled to nominate a majority of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of directors, the chief executive officer and four other members of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of officers. Of the positions allocated to the T/T Group, Tenaris retains the right to nominate one member of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of directors and one member of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of officers. Ordinary decisions may be approved with a 55% majority of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ control group shares. </span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At any time after the second anniversary of the closing of the transaction, the T/T Group will have the right to buy the NSC Group’s remaining interest in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group (153.1 million ordinary shares) at the higher of BRL10 per share and the 40-trading day average price per share immediately prior to the date of exercising the option. In addition, the NSC Group will have the right, at any time after the closing of the transaction, to withdraw its remaining shares from the control group and sell them in the open market after giving the T/T Group the opportunity to buy them at the 40-trading day average price per share, as well as the right, at any time after the second anniversary of the closing, to sell such shares to the T/T Group at BRL10 per share. Confab will have the right but not the obligation to participate in each such transaction pro rata to its current participation in the T/T Group.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Confab and the Ternium entities party to the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shareholders agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Under s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">uch separate agreement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Confab enjoys certain rights with respect to the governance of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, including, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">among others, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the ability to nominate certain </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ officers and directors</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Those circumstances evidence that Tenaris </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">continues having </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">sign</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ificant influence over </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and, as a result, continues accounting for its investment under the equity method.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">c)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Techgen</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> S.A. de C.V. (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, which operates an electric power plant in Mexico,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is a joint venture company owned 48% by Ternium, 30% by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tecpetrol</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> International S.A.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tecpetrol</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and 22%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> by Tenaris. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, Ternium and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tecpetrol</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are parties to a shareholders’ agreement relating to the governa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nce of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are under the indirect com</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mon control of San Faustin</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Based on the facts stated above, the Company has determined</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> that it has significant influence over this entity.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">d)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Global Pipe Company</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Global Pipe Company (“GPC”) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is a joint venture, established in <span>2010</span> and located in Jubail</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Saudi Arabia</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, which manufactures LSAW pipes. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Until May 16, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris, through its subsidiary</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Saudi Steel Pipe Company ("</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">SSPC</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">")</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">owned 35% of the share capital of GPC</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and, accordingly was a non-consolidated company.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">On May 17, 2023, SSPC acquired an additional 22.3% interest in GPC reaching a participation of 57.3%. The Company consolidates GPC’s balances and results of operations as from May 17, 2023.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For more information on GPC</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">'s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> acquisition and its accounting treatment see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>34</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Business Combinations - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Global Pipe Company acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”.</span></p> <div> <div id="t_ft_FTEEIIBJGW00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris carries its investment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s in non</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">consolidated companies</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the equity method, with no additional goodwill or intangible assets recognized. Tenaris reviews investments in non-consolidated companies for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For more information </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ee n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ote </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>14</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">C</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Segment information</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company is organized in one major business segment, Tubes, which is also the reportable operating segment.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">All other business activities and operating segments that are not required to be separately reported are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">disclosed in the Other segment.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods (“OCTG”) used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. Business activities included in this segment are mainly dependent on the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> worldwide</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> oil and gas industry, as this industry is a major consumer of steel pipe products, particularly OCTG used in drilling activities. Demand for steel pipe products from the oil and gas industry has historically been volatile and depends primarily upon the number of oil and natural gas wells being drilled, completed and reworked, and the depth and drilling conditions of these wells. Sales are generally made to end users, with exports being done through a centrally managed global distribution network and domestic sales are made through local subsidiaries.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Other segment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> includ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">es</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">all business activities related to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the production and selling of sucker rods, coiled tubing, tubes used for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">plumbing and construction</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">applications, oilfield / hydraulic fracturing services,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the recently acquired </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">coating business </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and others as</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> energy and raw materials that exceed internal requirements.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s Chief Operating Decision Maker (“CODM”) reviews operating and financial performance information with senior management on a monthly basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. This </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">information differ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> from IFRS principally as follows:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he use of direct cost methodology to calculate the inventories, while under IFRS it is at full cost, including absorption of production overheads and depreciation;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he use of costs based on previously internally defined cost estimates, while, under IFRS, costs are calculated at historical cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, mainly on a FIFO basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ny currency translation adjustment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">classification</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, when applicable, for companies that under IFRS had a different functional currency than the U.S. dollar; and</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ther timing differences, if any.</span></li> </ul> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">enaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> presents</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> its geographical information in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>four</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> areas:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> North America,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> South America, Europe</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Asia Pacific</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Middle East and Afri</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ca</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. For purposes of reporting geographical information, net sales are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">allocated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to geographical areas based on the customer’s location; allocation of assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> capital expenditures and associated depreciation</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and amortization</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are based on the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">geographical</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> location of the assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">D</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Foreign </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">c</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">urrency </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">t</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">ranslation</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt 0pt 0pt 35.45pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -35.45pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Functional</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> and presentation</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> currency</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt 0pt 0pt 54pt; break-after: avoid; break-inside: avoid; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">IAS </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>21</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">revised</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“The effects of changes in foreign exchange rates” </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">defines the functional currency as the currency of the primary economic environment in which </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">an </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entity operates.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The functional </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and presentation </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">curren</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">y of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is the U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is the currency that best reflects the economic substance of the underlying events and circumstances relevant to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> global operations. </span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Starting January 1, 2023, the Company changed the functional currency of its Brazilian subsidiaries, from the Brazilian Real to the U.S. dollar.</span></p> <div style="font-family: 'times new roman', times;"> <div id="t_ft_2WCEZJDWPS00000000000000000000b"> </div> </div> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">This decision </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">wa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s a result of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">significant increase of its Brazilian Subsidiaries’</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">participation in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">OCTG and l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ine</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ipe international markets, a trend which started in recent years and has been strengthened in <span>2022</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, an </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">increased l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">evel of integration of the local operations within Tenaris’s int</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ernational </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">commercial and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">supply chain system</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, as well </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the fact that the main purchase agreement </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">contracts and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the long term </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">sales </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">agreement </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">contracts with major international </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and local </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oil companies are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">either</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entered or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">indexed to the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> U</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Local steel prices are also being affected by the U</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ollar / Brazilian Real fluctuations.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">xcept f</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the Italian subsid</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">iaries whose functional currency</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Euro</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and two recently acquired subsidiaries wh</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ose</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> functional currencies are the Canadian Dollar and the Norwegian Krone</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris determined that the functional currency of its</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> other subsidiaries </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is the U.S. dollar, based on the following principal considerations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ales are mainly negotiated, denominated and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">/ </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> settled in U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. If priced in a currency other than the U.S. dollar, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">sales </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">price </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">may consider</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> exposure to fluctuation in the exchange rate </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">against</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the U.S. dollar;</span></li> <li style="font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rices of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">their </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">critical raw materials and inputs are priced and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">/ </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> settled in U.S. dollars; </span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ransaction</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and operational</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> environment and the cash flow </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of these </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">operations ha</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the U.S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> as reference currency;</span></li> <li style="font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">there is a s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ignificant level of integration of the l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ocal operations within Tenaris's international </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">global distribution network</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">et financial assets and liabilities are mainly received and maintained in U.S. dollars; and</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he exchange rate of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">certain legal currencies </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">has long-been affected by recurring and seve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re economic crise</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s.</span></li> </ul> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Transactions in currencies other than the functional currency</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">Transactions in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the date of the transactions or valuati</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">on where items are re-measured.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">At the end of each reporting period: (i) monetary items denominated in currencies other than the functional currency are translated using the closing rates; (ii) non-monetary items that are measured in terms of historical cost in a currency other than the functional currency are translated using the exchange rates prevailing at the date of the transactions; and (iii) non-monetary items that are measured at fair value in a currency other than the functional currency are translated using the exchange rates prevailing at the date when</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> the fair value was determined.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than the functional currency are recorded as gains and losses from foreign exchange and included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: normal;">Other financial results</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> in the Consolidated Income Statement, except when deferred in equity as qualifying cash flow hedges and qu</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">alifying net investment hedges.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>3</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Translation of financial information in currencies other than the functional currency</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Results of operations for subsidiaries whose functional currencies are not the U.S. dollar are translated into U.S. dollars at the average exchange rates for each quarter of the year. Financial statement positions are translated at the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">period</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-end exchange rates. Translation differences are recognized in a separate component of equity as currency translation adjustments. In the case of a sale or other disposal of any of such subsidiaries, any accumulated translation difference would be recognized in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Consolidated Income Statement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> as a gain or loss from the sale</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> or disposal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> following IAS <span>21</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Goodwill and fair value adjustments arising from the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">exchange </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rate.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">E</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Property, plant and equipment</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Property, plant and equipment are recognized at historical acquisition or construction cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> less accumulated depreciation</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and impairment losses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. H</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">istorical cost includes expenditure that is directly attributable to the acquisition of the items</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Property</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lant</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quipment acquired through</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquisitions accounted for as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">business </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">combination</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">have been valued </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">initially </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">at the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">market </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">value of the assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquired.</span></p> <div> <div id="t_ft_E6W7NW3MMO00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Major overhaul and rebuilding expenditures</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> are capitalized as property, plant and equipment only when </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">it is probable that future economic benefits associated with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the item will flow to the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the investment enhances the condition of assets beyond its original condition.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> The carrying amount of the replaced part is derecognized</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">M</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">aintenance expenses on manufacturing properties are recorded as cost of products sold in the year in which they are incurred.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Cost may also include transfers fro</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">m equity of any gains or losses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Borrowing costs that are attributable to the acquisition or construction of certain capital assets are capitalized as part of the cost of the asset, in accordance with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> IAS <span>23</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">revised</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“Borrowing Cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ssets for which borrowing costs are capitalized are those that require a substantial period of time to prepare for their intended use.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">epreciation method is reviewed at each year end. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Depreciation</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is calculated using the straight-line method to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">depreciate </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the cost of each asset to its residual value over its estimated useful life</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, as follows:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr style="height: 5.5pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Land </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> No Depreciation </span></p> </td> </tr> <tr style="height: 5.5pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Buildings and improvements </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 30-50 years </span></p> </td> </tr> <tr style="height: 5.5pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Plant and production equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 10-40 years </span></p> </td> </tr> <tr style="height: 1.95pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Vehicles, furniture and fixtures, and other equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 1.4pt; text-indent: -1.4pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 4-10 years </span></p> </td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">residual values and useful lives of significant plant and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">production </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">equipment are reviewed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and adjusted</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> if appropriate, at each year-end</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">date. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">estimation of asset</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> useful </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lives</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, performed </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in accordance with IAS <span>16</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Property</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, Plant and E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quipment”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">resulted in additional depreciation expenses </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">approximately</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">39</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> for <span>2022</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">did not materially affect depreciation expense</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2023</span> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2021</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">enaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> depreciates each significant part of an item of property, plant and equipment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">for its different production facilities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">that (i) can be properly identified as an independent component with a cost that is significant in relation to the total cost of the item, and (ii) has a useful operating life that is different from another significant part of that same item of property, plant and equipment.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Gains and losses on disposals are determined by comparing the proceeds with the carrying amount of assets and are recognized under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other operating income </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other operating expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">F </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Intangible assets</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Goodwill </span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Goodwill represents the excess of the acquisition cost </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">over the fair value of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> share of net identifiable assets acquired as part of business combinations determined mainly by independent valuations. Goodwill is tested </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">at least </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Goodwill is included </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> the Consolidated Statement of Financial Position under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Intangible assets, net.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> </span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">For the purpose of impairment testing, g</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">oodwill<span> </span>is allocated to a<span> </span></span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">cash generating unit (“</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">CGU</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">”)</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span> </span>or group of<span> </span></span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">CGUs</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span> </span>that<span> </span></span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">are expected to benefit from the business combination which generated the goodwill being tested.</span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Information systems projects</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Costs associated with maintaining computer software programs are generally recognized as an expense as incurred. However, costs directly related to the development, acquisition and implementation of information systems are recognized as intangible assets if it is probable that they have economic benefits exceeding <span>one</span> year and comply with the recognition criteria of IAS <span>38</span>, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“Intangible Assets”.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Information systems projects recognized as assets are amortized using the straight-line method over their useful lives, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">generally </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">not exceeding a period of 3 years. Amortization charges are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mainly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">classified as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Selling, general and administrative expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement.</span> <br/></p> <div> <div id="t_ft_ZRJTTSO75S00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re-estimation of assets useful lives, performed in accordance with IAS <span>38</span>, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">did not materially affect </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amortization expenses for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2023</span>, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>3</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Licenses, patents, trademarks and proprietary technology </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Licenses, patents, trademarks, and proprietary technology are initially recognized at fair value at the acquisition date. Licenses, patents, proprietary technology and those trademarks that have a finite useful life are carried at cost less accumulated amortization. Amortization is calculated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">using the straight-line method to allocate the cost over their estimated useful lives, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">which are in the range between 3 and 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> years.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Amortization charges are mainly classified as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Cost of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">ales</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The balance of acquired t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rademarks</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> that have indefinite useful lives according to external appraisal</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">86.7</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> at December 31, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> CGU</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Main factors considered in the determination of the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> indefinite useful lives</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> include the years that </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">they have</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> been in service and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">their </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recognition among customers in the industry.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re-estimation of assets useful lives, performed in accordance with IAS <span>38</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> did no</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t materially affect amortization</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> expenses for <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>4</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Research and development</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Research expenditures as well as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">development costs that do not fulfill the criteria for capitalization are recorded as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Cost of sales</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement as incurred. Research and development expenditures included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Cost of sales</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> for the years </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> totaled </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">60.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">50.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">45.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, respectively.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Capitalized costs were not material for the years <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">(<span>5</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">Customer relationship</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">s</span></p> <p style="line-height: 12pt; margin: 0pt 0.85pt 0pt 13.9pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In accordance with IFRS <span>3</span>, "Business Combinations" and IAS <span>38</span>, Tenaris has recognized the value of customer relationships separately from goodwill attributable to the acquisition of Maverick</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Tube Corporation (“Maverick”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Company (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> groups, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">SPC</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Ipsco</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Tubulars Inc. (“IPSCO”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">the more recent acquisition of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Mattr’s pipe coating business unit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Customer relationships acquired in a business combination are recognized at fair value at the acquisition date, have a finite useful life and are carried at cost less accumulated amortization. Amortization is calculated using the straight line method over the initial expected useful li</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">v</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">which were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">approximately 14 years for Maverick, 10 y</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ears for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 9 years for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">SSP</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> for IPSCO</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">4 months</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> for Mattr’s pipe coating business unit.</span></p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In <span>2022</span>,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> the Company reviewed the useful life of SSPC’s customer relationships and decided to reduce </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">it</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> from 5 years to 3 years, consequently a higher amortization charge of approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">4.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> million was recorded in the Consolidated Income Statement under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">Selling, general and administrative expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> for the year ended December 31, 2022.</span></p> <p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re-estimation of assets useful lives, performed in accordance with IAS <span>38</span>, did not affect amortization expenses for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2023</span> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2021</span>.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">As o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">f December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> the net book</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> value </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">SSP</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">’s customer relationship amoun</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ted</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">26.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> million, with a residual useful life of </span><span style="border-left: none; border-right: none;"><span style="-sec-ix-hidden:Tag3376"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">9</span></span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> months</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Mattr’s amounted to $21.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, with a residual useful life of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">3</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">months</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">w</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">hile </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">IPSCO’s, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Maverick’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> customer relationships </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">re</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> fully amortized.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">G </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Right-of-use assets and lease liabilities</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the lease</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> term on a straight-line basis.</span> <br/></p> <div> <div id="t_ft_DYP8U3515S00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Lease liabilities include the net present value of i) fixed payments, less any lease incentives receivable, ii) variable lease payments that are based on an index or a rate, iii) amounts expected to be payable by the lessee under residual value guarantees, iv) the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and v) payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee’s incremental borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment wit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">h similar terms and conditions.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Right-of-use assets are measured at cost comprising the amount of the initial measurement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lease liability, any lease payments made at or before the commencement date less any lease incentives received and any initial direct costs incurred by the lessee.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> or early termination</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, or not </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated).</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Payments associated with short-term leases</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, variable leases</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and leases of low</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">value assets are recognized on a straight-line basis as expenses in profit or loss. Short-term leases are leases with a lease term of 12 months or less.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">H</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Impairment of non-financial assets</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Long-lived assets including identifiable intangible assets are reviewed for impairment at the lowest level for which there are separately identifiable cash flows (</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">CGU</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">). Most of the Company’s principal subsidiaries that constitute a CGU have a single main production facility and, accordingly, each of such subsidiaries represents the lowest level of asset aggregation that generates largely independent cash inflows.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Assets that are subject to amortization or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Intangible assets with indefinite useful lives, including goodwill, are subject to at least an annual impairment test, or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are tested</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> more frequently if events or circumstances indicate that the carrying amount value may be impaired. In some </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">situations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> where there have not been significant changes to CGU assets and liabilities as well as external and internal </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">events and circumstances </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">which could materially alter the recoverable amount of the CGU, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the most recent detailed calculation of recoverable amount made in a preceding period may be used in the impairment test for that </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">CGU</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the current period</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In assessing whether there is any indication that a CGU may be impaired, external and internal sources of information are analyzed. Material facts and circumstances specifically considered in the analysis usually include the discount rate used in Tenaris’s cash flow projections and the business condition in terms of competitive</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> economic </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and regulatory </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">factors, such as the cost of raw materials, oil and gas prices, and the evolution of the rig count.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher between the asset’s value in use and fair value less costs of disposal. Any impairment loss is allocated to reduce the carrying amount of the assets of the CGU in the following order:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -14.15pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(a) first, to reduce the carrying amount of any goodwill allocated to the CGU; and</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -14.15pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(b) then, to the other assets of the unit (group of units) pro-rata on the basis of the carrying amount of each asset in the unit (group of units), considering not to reduce the carrying amount of the asset below the highest of its fair value less cost of disposal, its value in use or <span>zero</span>.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Value </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">use is calculated by discounting the estimated cash flows over a <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="-sec-ix-hidden:Tag3394">five-year</span></span></span></span> period (or higher if the period can be justified) based on forecasts approved by management. For the subsequent years beyond the <span><span style="border-left: none; border-right: none;">five</span>-year</span> period, a terminal value is calculated based on perpetuity considering a nominal growth rate of 2% taking into account among others, mainly the historical inflation rate.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">For purposes of calculating the fair value less costs of disposal, Tenaris uses the estimated value of future cash flows that a market participant could generate from the corresponding CGU.</span> <br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management judgment is required to estimate discounted future cash flows. Actual cash flows and values could vary significantly from the forecasted future cash flows and related values derived using discounting techniques.</span></p> <div> <div id="t_ft_7W5S1Z91G000000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal at each reporting date. For more information on impairment charges </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>5</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated Financial Statements.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">I</span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Other </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">i</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">nvestments</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ther investments consist primarily of investments in financial instruments</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and time deposits with a maturity of more than </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>three</span> months</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> at the date of purchase</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Certain non-derivative financ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ial assets that the Company held not for trading</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> have been categorized as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">financial assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">at </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair value through other comprehensive income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“FV</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">OCI</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as the business model objective is achieved by both holding financial assets in order to collect contractual cash flows and selling financial assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. They are carried at </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair value</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">omprehensive </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Income and transferred to the C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement when the financial asset is </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">disposed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement. F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">V</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">OCI</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> instruments with maturities greater than 12 months after the balance sheet date a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re included in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> non-current assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ther investments in financial instruments and time deposits are c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ategorized as financial assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">at fair value through profit or loss </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(“FVPL”) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">because such investments are held for trading and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">their</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> performance is evaluated on a fair value basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The results of these investments are recognized in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Financial Results</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Purchases and sales of financial investments are recognized as of the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ir</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">settlement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> date</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">The fair values of quoted investments are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">generally </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">based on current bid prices. If the market for a financial investment is not active or the securities are not listed, Tenaris estimates the fair value by using standard valuation techniques</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">. S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ee s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ectio</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">n III Financial Risk Management</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">J </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Inventories</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Inventories are stated at the lower between cost and net realizable value. The cost of finished goods and goods in process is comprised of raw materials, direct labor, utilities</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, freights</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and other direct costs and related production overhead costs, and it excludes borrowing costs. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">llocation of fixed production costs</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, including depreciation and amortization charges,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is based on</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> normal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> level of production capacity. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Inventories</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> cost is mainly based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">FIFO method. Tenaris estimates </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">net realizable value of inventories by grouping, where applicable, similar or related items. Net realizable value is the estimated selling price in the ordinary course of business, less any estimated costs of completion and selling expenses. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">G</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oods in transit </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> year-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">end are valued based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">supplier’s invoice cost.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris establishes an allowance for obsolete or slow-moving inventories related to finished goods, goods in process, supplies and spare parts. For slow moving or obsolete finished products, an allowance is established based on management’s analysis of product aging. An allowance for obsolete and slow-moving inventory of supplies and spare parts is established based on management's analysis of such items to be used as intended and the consideration of potential obsolescence due to technological changes, aging and consumption patterns.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">K</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Trade </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">and other </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">receivables</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Trade and other receivables are recognized initially at</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> fair value that corresponds to</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> the amount of consideration that is unconditional unless they contain significant financing c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">omponents. The Company holds</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> trade receivables with the objective to collect the contractual cash flows and therefore measu</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">res them subsequently at amortiz</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ed cost using the effective interest method. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Due to the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ir</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> short-term nature, their carrying amount is considered to be the same as their fair value</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> <div> <div id="t_ft_H1Q8MZ1A7400000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Tenaris applies the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> IFRS <span>9</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> “Financial Instruments”</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">simplified approach to measure</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> expected credit losses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over a period of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">three years</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">and the corresponding historical credit losses exp</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">erienced within this period. The expected loss allowance also</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> reflect</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> current and forward-looking information on macroeconomic factors affecting the ability</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">each </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">custo</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">mer to settle the receivables.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">L</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Cash and cash equivalents</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Cash and cash equi</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">valents are comprised of cash at</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> banks, liquidity funds and short-term investments with a maturity of less than <span>three</span> months at the date of purchase which are readily convertible to known amounts of cash. Assets recorded in cash and cash equivalents are carried at fair market value or at historical cost which </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">approximates fair market value.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In the Consolidated Statement of Financial Position, bank overdrafts are included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">Borrowings</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> in current liabilities.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">For the purposes of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Consolidated Statement of C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ash </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">low</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">ash and cash equivalents</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> includes </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">overdrafts</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">M</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">E</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">quity</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Equity</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> components</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">hanges in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quity include</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -13pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he value of share capital, legal reserve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">share premium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and other distributable reserve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">calculated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in accordance with Luxembourg l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">aw;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -13pt; text-align: justify; text-indent: -18pt;"><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he currency translation adjustment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">treasury shares, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">other reserves,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> retained earnings</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">non-controlling</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> interest </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">calculated in accordance with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> IFRS.</span> </li> </ul> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Share cap</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">it</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">al</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company has an authorized share capital of a single </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">class of 2.5 billion shares having a nominal value of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1.00 per share. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Total ordinary shares issued as of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1,180,536,830</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">with a par value of $1.00 per share with one vote each.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Total ordinary shares outstanding as of December 31, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1,167,888,739</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and as of December 31, 2022 and <span>2021</span> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1,180,536,830</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> with a par value of $1.00 per share with one vote each. Outstanding shares do not include treasury shares. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">All issued shares are fully paid.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>3</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Treasury Shares</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Acquisitions of treasury shares are recorded at acquisition cost, deducted from equity until disposal or cancellation. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Any potential</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> gains </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> losses on disposal of treasury shares </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> recognized under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other r</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">eserves</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Changes in Equity</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Treasury shares outstanding as of December 31, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">12,648,091</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>4</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Dividends distribution by the Company to shareholders </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Dividends distributions are recorded in the Company’s financial statements when Company’s shareholders have the right to receive the payment, or when interim dividends are approved by the Board of Directors in accordance with the by-laws of the Company. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Dividends may be paid by the Company to the extent that it has distributable retained earnings, calculated in accordance with Luxembourg law. S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ee </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ote</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>27</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (iii)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">N</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Borrowings</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Borrowings are recognized initially at fair value net of transaction costs incurred and subsequently measured at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective interest method.</span><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <div> <div style="border-left: none; border-right: none;"> </div> </div> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">O</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Current and d</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">eferred income tax</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The income tax expense or credit for the period is the tax payable</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> or recoverable</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> on the current period’s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Current and deferred t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ax is recognized in the Consolidated Income Statement, except </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to the extent that it relates to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">items recognized in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">other comprehensive income or directly in equity.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In these cases, the tax is also recognized in other comprehensive income or directly in equity, respectively.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the reporting date in the countries where the Company’s subsidiaries operate and generate taxable income.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred income tax is recognized applying the liability method on temporary differences arising between the tax bas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s of assets and liabilities and their carrying amounts in the financial statements. The temporary differences arise </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mainly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">from </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">net operating loss carry-forwards</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the effect of currency translation on depreciable fixed assets and inventories, depreciation on property, plant and equipment, valuation of inventories, provisions for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">post-employment benefits and other long-term employee benefits</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair value adjustments of assets acquired in business combinations. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">However, deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the time period when the asset is realized or the liability is settled, based on tax laws that have been enacted or substantively enacted at the reporting date. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets are recognized to the extent</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> that</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> it is probable that future taxable profits will be available</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> against which the te</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mporary differences </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and losses </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">can be utiliz</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At the end of each reporting period, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> reassesses </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">unrecognized</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> deferred tax assets. T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">enaris</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recognizes</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> a previously </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">unrecognized</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> deferred tax asset to the extent that it has become probable that future taxable </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> will allow the deferred tax asset to be recovered.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ax basi</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and liabilities are re-measured</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> if tax rates change. These amounts </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are charged or credited to the Consolidated Income Statement or to the item </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">ther co</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">mprehensive income </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Comprehensive I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome, depending on the account to which the original </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amount was charged or credited.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">P</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Employee benefits</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.5pt; text-align: justify; text-indent: -22.5pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Short-term obligations</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Liabilities for wages and salaries are recognized in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.5pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.5pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>)</span><span style="text-align: justify; text-indent: -21.3pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Post</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">employment benefits</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company has defined benefit and defined contribution plans. A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee will receive on retirement, usually dependent on <span>one</span> or more factors such as age, years of service and compensation. </span><br/></p> <div> <div id="t_ft_ZO8AIK275C00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The liability recognized in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets, if any. The defined benefit obligation is calculated annually (at year end) by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other comprehensive income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the period in which they arise. Past-service costs are recognized immediately in the Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For defined benefit </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">funded </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">plans, net interest income</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">/</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">expense is calculated based on the surplus or deficit derived by the difference between the defined benefit obligations less fair value of plan assets. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expenses when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris sponsors funded and unfunded defined benefit pension plans in certain subsidiaries. The most significant are:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <div id="t_ft_H96S2TADV400000000000000000000b"> <table style="width: 100%; margin-left: 0.1px; height: 46px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;"> <tbody> <tr style="height: 16px;"> <td style="height: 16px; width: 4%; vertical-align: top; padding: 0px 1px;" valign="top"> <p>•</p> </td> <td style="height: 16px; text-align: justify; padding: 0px 1px 10px; width: 96%; vertical-align: top;" valign="top"> <p><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">An unfunded defined benefit employee retirement plan for certain senior officers. The plan is designed to provide certain benefits to those officers (additional to those contemplated under applicable labor laws) in case of termination of the employment relationship due to certain specified events, including retirement. This unfunded plan provides defined </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">benefits based on years of service and final average salary</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">. </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">As of December 31, 20</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> the outstanding liabil</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ity for this plan amounts to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">48.1</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> million.</span></p> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; vertical-align: top; padding: 0px 1px;" valign="top">•</td> <td style="height: 10px; text-align: justify; padding: 0px 1px 10px; vertical-align: top;" valign="top"> <p><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Employees’ service rescission indemnity</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">. T</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">he </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">cost of this obligation is charged to the Consolidated Income Statement over the expected service lives of employees. This provision is primarily related to the liability ac</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">crued for employees at </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Tenaris’s</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> Italian subsidiary. As from January 1, 2007 as a consequence of a change in an Italian law, employees were entitled to make contributions to external funds, thus, </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Tenaris’s</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> Italian subsidiary pays every year the required contribution to the funds with no further obligation. As a result, the plan changed from a defined benefit plan to a defined contribution plan effective from that date, but only </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">limited to the contributions of <span>2007</span> onwards.</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">As of December 31, 20</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> the outstanding </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">liabil</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ity for this plan amounts to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">10.6</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> million.</span><br/></p> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; vertical-align: top; padding: 0px 1px;" valign="top">•</td> <td style="height: 10px; text-align: justify; padding: 0px 1px 10px; vertical-align: top;" valign="top"> <p><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Funded retirement benefit plan held in the U</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">S</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> for the benefit of some employees hir</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ed prior a certain date,</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> frozen for the purposes of credited service as well as determination of final average pay for the retirement benefit calculation. Plan assets consist primarily of investments in equities and money market</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">funds. Additionally, an unfunded post</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>-</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">retirement health and life plan</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> is</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> in place</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> that offers limited medical and life insurance benefits to the retirees, </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">frozen to new participants</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> A</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">s of December 31, 20</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> the outstanding</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">liabil</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ity for these</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> plan</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">s</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> amounts to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">5.6</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> million.</span></p> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; vertical-align: top; padding: 0px 1px;" valign="top">•</td> <td style="height: 10px; text-align: justify; vertical-align: top; padding: 0px 1px;" valign="top"><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Funded retirement benefit plans held in Canada for salary and hourly employees hired prior to a certain date based on years of service and, in the case of salaried employees, final average salary. Plan assets consist </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">primarily of </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">annuities purchased from an insurance company for the benefit of current and future retiree</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">s,</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">investments in </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">debt and </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">equit</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">y instruments</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> for the purposes of credited service as well as determination of final average pay. As of December 31, 202</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">the plan was overfunded and the net assets related to this plan amounted to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">10.8</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">million</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span></td> </tr> </tbody> </table> </div> <br/><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">(<span>3</span>)</span><span style="text-align: justify; text-indent: -21.3pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman';"> </span><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">O</span><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">ther long-</span><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">term benefits</span> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">During <span>2007</span>, Tenaris launched an</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">employee retention and long</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">term incentive program</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Program”) applicable to certain senior officers and employees of the Company, who will be granted a number of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nits throughout the duration of the Program. The value of each of these </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nits is based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shareholders’ equity (excluding non-cont</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rolling interest). </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Until </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the end of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2017</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nits </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">vest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ratably over</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> a period of <span style="border-left: none; border-right: none;">four years</span> and were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mandatorily</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> redeemed by the Company <span style="border-left: none; border-right: none;">ten years</span> after grant date, with the option of an early redemption at <span style="border-left: none; border-right: none;">seven years</span> after</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> grant date.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Since</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2018</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">units </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">vest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ratably over the same period and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mandatorily redeemed by the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Company <span style="border-left: none; border-right: none;">seven years</span> after grant date.</span></p> <div> <div id="t_ft_KQ7U20T3K000000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he beneficiaries of the Program are</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entitled to receive cash amounts based on: (i) the amount of dividend payments made by Tenaris to its shareholders and (ii) the number of units held by each beneficiary to the Program.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The payment of the benefit is tied to the book value of the shares, and not to their market value.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris valued this long-term incentive program as a long</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">term benefit plan as classified in IAS <span>19</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Employee Benefits”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the outstanding liability corresponding to the Program </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amounts to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">119.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">94.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, respectively. The total value of the units granted </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(vested and unvested) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to date under the program, considering the number of units and the book value p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">er share as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, is $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">144.0</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">123.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, respectively.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>4</span>)</span><span style="font: 10pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Termination benefits</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Termination benefits are payable when employment is terminated by Tenaris before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. Tenaris </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recognizes</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> termination benefits at the earlier of the following dates: (a) when it can no longer withdraw the offer of those benefits; and (b) when the costs for a restructuring that is within the scope of IAS <span>37</span> involves the payment of terminations benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>5</span>)</span><span style="font: 7.0pt 'Times New Roman';"> <span style="font-size: 10pt;"> </span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Other compensation obligations</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Employ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ee entitlements to annual leave, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">long-service leave</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, sick leave and other bonuses and compensations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> obligations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are accrued as earned.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> <br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Compensation to employees in the event of dismissal is charged to income in the year in which it becomes payable.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Q</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Provisions </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris is subject to various claims, lawsuits and other legal proceedings, including customer claims, in which a third party is seeking payment for alleged damages, reimbursement for losses or indemnity. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> potential liability with respect to such claims, lawsuits and other legal proceedings cannot be estimated with certainty. Management periodically reviews the status of each significant matter and assesses potential financial exposure. If</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, as a result of past events, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a potential loss from a claim or proceeding is considered probable and the amount can be </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">reliably</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> estimated, a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">provision </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements, and take into consideration </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> litigation and settlement strategies. These estimates are primarily constructed with the assistance of legal counsel. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As the scope of liabilities become better defined, there may be changes in the estimates of future costs </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">which could have a material adverse effect on its results of operations, financial condition and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">cash flows.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">If Tenaris expects to be reimbursed for an accrued expense, as would be the case for an expense or loss covered under an insurance contract, and reimbursement is considered virtually certain, the expected reimbursement is recognized as a receivable.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">This note should be read in conjunction with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ote </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>27</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> these Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">R </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Trade and other payables </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Trade and other payables are recognized initially at fair value, generally the nominal invoice amount and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">subsequently measured at amortiz</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed cost. They are presented as current liabilities unl</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ess payment is not due within <span>twelve</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> months after the reporting period.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Due to the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ir</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> short-term nature </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">heir carrying amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considered to be the same as their fair value. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <div> <div style="border-left: none; border-right: none;"> </div> </div> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">S</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Revenue recognition </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Revenue comprises the fair value of the consideration received or receivable for the sale of goods and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> rendering of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> services in the ordinary course of Tenaris’s activities. The revenue recognized by the Company is measured at the transaction price of the consideration received or receivable to which the Company is entitled to, reduced by estimated returns and other customer credits, such as discounts and volume rebates, based on the expected value to be realized and after eliminating sales within the group.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Revenue is recognized at a point in time or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">over</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> time from sales when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The control </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> transfer</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">red</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">upon</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> delivery.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred and either the customer has accepted the product in accordance with the sales contract, the acceptance provisions have lapsed or the Company has objective evidence that all criteria for acceptance have been satisfied, including all performance obligations. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">These conditions are determined and ana</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lyzed on a contract by contract</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> basis to ensure that all performance obligations are fulfilled</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n particular, Tenaris verifies customer acceptance of the goods, the satisfaction of delivery terms and any other applicable condition.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">For bill and hold transactions</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> revenue is recognized only to the extent that (a) the reason for the bill and hold arrangement must be substantive (for example, the customer has requested the arrangement); (b) the products have been specifically identified and are ready for delivery; (c) the Company </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">does not</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> have the ability to use the product or to direct it to another customer; (d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">) the usual payment terms apply.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company’s contracts</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> with customers</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> do not provide any material variable consideration, other than discounts, rebates and right of return. Discounts and rebates are recognized based on the most likely value and right</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of return</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are based o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n expected value considering past experience</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and contract conditions.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">Where the contracts include multiple performance obligations, the transaction price is allocated to each performance obligation based on the stand-alone selling prices. Where these are not directly observable, they are estimated based on the expected cost plus margin.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">There are no judgements applied by management that significantly affect the determination of timing of satisfaction of performance obligations, nor the transaction price and amounts allocated to different performance obligations. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris provides services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> primarily</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> related to goods sold, which represent a non-material portion of sales revenue and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mainly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">include:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Pipe Management Services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">This comprises mainly preparation of the pipes ready to be run, delivery to the customer, storage services and rig return.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Field Services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Comprises</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">field technical support and running assistance.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">These services</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rendered in connection to the sales of goods and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> attached to contracts with customers for the sale of goods. A significant portion of service revenue is recognized in the same period as the goods sold. There are no distinct uncertainties in the revenues and cash flows of the goods sold and services rendered as they are included in the same contract, have the same counterparty and are subject to the same conditions.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he Company </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">also </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">provide</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> hydraulic fracturing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> coiled tubing </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and coating </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">services. The revenue related to these services is included in the Other segment.</span></p> <p style="line-height: 12pt; margin: 0pt;"> </p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Revenue from providing services is recognized over time in the accounting period in which the services are rendered</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span></p> <p style="line-height: 12pt; margin: 0pt;"> </p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he following in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">puts and outputs methods are applied</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to recognize revenue</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considering the nature</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of service</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <p style="line-height: 12pt; margin: 0pt;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Storage services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ompany provides storage services in owned or third-party warehouses, subject to a variable fee</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to be invoiced. T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">his fe</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e is determined based on the time that the customer maintains the material in the warehouse and th</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e amount of the material stored. In the majority of cases, to quantify the amount to be invoiced in any given month, the monthly average fee of storage per ton is multiplied by the monthly average stock stored (in tons).</span></p> <div> <div id="t_ft_1FJOC6NSMO00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Freights</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the revenue </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is recognized </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">on a pro rata basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considering the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">units delivered and time</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> elapsed.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Field services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the revenue i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s recognized considering output</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> method</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, in particular surveys of service comple</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tion provided by the customer.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds <span>one</span> year. As a consequence,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considering that the contracts do not include any significant financing component,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the Company does not adjust any of the transaction pric</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">es for the time value of money. For this reason, the Company is also applying the practical expedient not to disclose details on transaction prices allocated to the remaining performance obligations as of the end of the reporting period.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris only provides standard quality warranties assuring that the goods sold will function as expected or are fit for their intended purpose, with no incremental service to the customer. Accordingly, warranties do not constitute a separate performance obligation.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Other revenues earned by Tenaris are recognized on the following basis:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Interest income: on the effective yield basis. </span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Dividend income from investments in other companies: when Tenaris’s right to receive payment is established.</span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Net income from other sales: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">when contro</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">l is</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> transferred</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to the customer.</span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Construction / coating c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ontracts </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">revenues</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in accordance with the stage of the project completion.</span></li> </ul> <h4 style="line-height: 12pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">T</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Cost of sales and </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">other selling expenses</span></h4> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Cost of sales and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">other selling</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">expenses are recognized in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement on the accrual basis of accounting.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Commissions, freight</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and other selling expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, including shipping and handling costs, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recorded</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">elling, general and administrative expense</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Consolidated I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <h4 style="line-height: 12pt; margin: 0pt; page-break-after: avoid; text-align: justify;"> </h4> <h4 style="line-height: 12pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">U</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Earnings per share</span></h4> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Earnings per share are calculated by dividing the income attributable to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the shareholders’ equity</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">by the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">monthly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">weighted average number of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">common</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shares </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">outstanding</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> during the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">period</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">There are no dilutive potential ordinary shares.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <h4 style="line-height: 12pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">V</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">F</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">inancial instruments</span></h4> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Non</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s and trade and other payables.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company classifies its financial instruments according to the following measurement categories:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -9pt; text-align: justify; text-indent: -21.3pt;"><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">those to be measured subsequently at fair value (either through OCI or through profit or loss), and</span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -9pt; text-align: justify; text-indent: -21.3pt;"><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">those to be measured at amortised cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></li> </ul> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The classification depends on the Company’s business model for managing the financial assets and contractual terms of the cash flows.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Financial assets are recognized on their settlement date. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.</span></p> <div> <div id="t_ft_VX4Z3F9HCW00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expenses in profit or loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the cash flow characteristics of the asset. There are <span>three</span> measurement categories into which the Company classifies its debt instruments:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Amortized Cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Fair value through oth</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">er comprehensive income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Fai</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">r value through profit and loss</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: Assets that do not meet the criteria for amortized cost or FVOCI. Changes in fair value of financial instruments at FVPL are immediately recognized in the Consolidated Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quity instruments are subsequently measured at fair value.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Accounting for derivative financial instruments and hedging act</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ivities is included within the s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ection III, Financial Risk Management.</span></p> | |
| CY2023 | ts |
Minimum Applicable Tax Rate
MinimumApplicableTaxRate
|
0.15 | pure |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Investment In Associates And Joint Ventures Explanatory
DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">B </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Group accounting</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Subsidiaries and transactions with non-controlling interest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">s</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Subsidiaries are all entities over which Tenaris has control. Tenaris controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In some cases, the Company considers that it has the ability to affect returns through its power over an entity even if it holds less than 50% of the shares or voting rights of the subsidiary because it is able to prevail at all of the subsidiary’s general meetings, which in turn allows Tenaris to nominate and appoint a majority of the subsidiary’s board of directors.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Subsidiaries are fully consolidated from the date on which control is exercised by the Company and are no longer consolidated from the date control ceases.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> method is used to account for the acquisition of subsidiaries by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The cost of an acquisition is measured as the fair value of the assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">transferred</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, equity instruments issued and liabilities incurred or assumed at the date of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">exchange</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Acquisition-related costs are expensed as incurred.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Identifiable assets acquired</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> liabilities and contingent liabilities assumed in a business combination are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">generally </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">measured initially at their fair values at the acquisition date</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Any non-controlling interest in the acquiree is measured either at fair value or at the non-controlling interest’s proportionate share of the acquiree’s net </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">identifiable </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">assets. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The excess of the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> aggregate of the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">consideration transferred</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the amount of any non-controlling interest in the acquiree</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">over the fair value of the identifiable net assets acquired is recorded as goodwill. If </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">this</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Contingent consideration is classified either as equity or a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquire</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ransactions with non-controlling interests </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">that do not result in a loss of control</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are accounted</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as transactions with equity owners of the Company. For purchases from non-controlling interests, the difference between any consideration paid and the relevant share acquired of the carrying value of net assets of the subsidiary is recorded in equity. Gains or losses on disposals to non-controlling interests are also recorded in equity.</span> <br/></p> <div> <div id="t_ft_UZDALSEISW00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">When the Company ceases to have control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognized in profit or loss. The fair value is the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognized in other comprehensive income in respect of that entity are accounted for as if the group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognized in other comprehensive income are reclassified to profit or loss. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Material intercompany transactions</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">balances </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and unrealized gains (losses) on transactions </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">between Tenaris subsidiaries have been eliminated in consolidation. However, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">since</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the functional currency of some subsidiaries </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s respective local currency, some financial gains (losses) arising from intercompany transactions</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are generated. These</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are included in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other f</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">inancial results</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Non-consolidated companies</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Non-consolidated companies are all entities in which Tenaris has significant influence but not control, generally accompanying a shareholding of between 20% and 50% of the voting rights. Investments in non-consolidated companies (associate</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and joint ventures) are accounted for by the equity method and are initially recognized at </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (as defined by IAS <span>28</span>, “Investments in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ssociates and Joint Ventures”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> The Company’s investment in non-consolidated companies includes goodwill identified in acquisition, net of any accumulated impairment loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Under the equity method, the investments are initially recognized at cost and adjusted thereafter to recognize Tenaris’s share of the post-acquisition profits or losses of the investee in profit or loss, and Tenaris’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognized as a reduction in the carrying amount of the investment.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">If material, unrealized results on transactions between Tenaris and its non-consolidated companies are eliminated to the extent of Tenaris’s interest in the non-consolidated companies. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment indicator of the asset transferred. Financial statements of non-consolidated companies </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> adjusted where necessary to ensure consistency with IFRS.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">The Company’s pro-rata share of earnings in non-consolidated companies is recorded in the Consolidated Income Statement under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Equity in earnings</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">of non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">. The Company’s pro-rata share of changes in other comprehensive income is recognized in the Consolidated Statement of Comprehensive Income.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">a)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Ternium</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">At December 31, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">, Tenaris </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">h</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">ld </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">11.46</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">%</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> share capital </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Ternium S.A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Ternium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">. The following factors and circumstances evidence that Tenaris has significant influence </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">over Ternium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -13.32pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oth the Company and Ternium are under</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> indirect com</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mon control of San Faustin S.A.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“San Faustin”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -13.32pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">f</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">our out of eight</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> members of Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors (including Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">hairman) are also members of t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he Company’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -13.32pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nder the shareholders</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> agreement by and between </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techint</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Holdings </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S.àr.l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ("</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techint</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">")</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, a wholly owned subsidiary of San Faustin </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and Ternium’s main shareholder, dated January 9, 2006</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techint</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is required to take actions within its power to cause</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (a) <span>one</span> of the members of Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors to be nominated by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and (b) any director nominated by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to be removed </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">from Ternium’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oard of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">irectors </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">only </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">pursuant to previous written instructions of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></li> </ul> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">b)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Usiminas</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"><span>3</span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris he</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ld, through its Brazilian subsidiary Confab Industrial S.A. (“Confab”), 47.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million ordinary shares and 1.3 million preferred shares of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usinas</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Siderúrgicas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> de Minas Gerais S.A. - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”), representing 6.76</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% of its shares with voting rights and 3.96</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% of its total share capital.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Confab’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">participation in</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> share</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> capital is the result of a series of acquisitions, the first of which was </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">performed on January 16, 2012, pursuant to which Ternium (through certain of its subsidiaries) and Confab acquired a large block of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ordinary shares and joined </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ existing control group. Subsequently, in <span>2016</span>, Ternium and Confab subscribed to additional ordinary shares and to preferred shares.</span> <br/></p> <div> <div id="t_ft_JL08KSBPO000000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">More recently, o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n March 30, 2023, Confab, together with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Ternium (through its subsidiaries </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Ternium Investments and Ternium Argentina</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">agreed to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquire an additional </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">68.7 million ordinary shares of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> at a price of BRL10 per ordinary share. The transaction closed on July 3, 2023 and was financed with cash on hand. Tenaris paid approximately BRL110 million (approximately $22.7 million) in cash for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">11 million ordinary shares, increasing its participation in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group to 9.8%.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group comprises the T/T Group, formed by Ternium Investments, Ternium Argentina and Confab; the NSC Group, comprising Nippon Steel Corporation, Mitsubishi and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">MetalOne</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">; and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ employee pension fund, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Previdência</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. At December 31, 2023, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group held, in the aggregate, 483.6 million ordinary shares, representing approximately 68.6% of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ voting capital and the T/T Group held an aggregate participation of 61.3% in the control group (with 51.5% of the control group’s participation corresponding to Ternium’s subsidiaries, and remaining 9.8</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% corresponding to Confab); the NSC Group and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Previdência</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> held 31.7% and 7%, respectively, in the control group.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Upon </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">closing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of the July 3, 2023 acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">then </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">existing </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shareholders agreement </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">governing the relationship between the T/T Group, the NSC Group and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Previdência</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">was replaced by a new shareholders agreement setting forth a new governance structure for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The T/T Group is </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">now </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entitled to nominate a majority of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of directors, the chief executive officer and four other members of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of officers. Of the positions allocated to the T/T Group, Tenaris retains the right to nominate one member of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of directors and one member of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> board of officers. Ordinary decisions may be approved with a 55% majority of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ control group shares. </span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At any time after the second anniversary of the closing of the transaction, the T/T Group will have the right to buy the NSC Group’s remaining interest in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> control group (153.1 million ordinary shares) at the higher of BRL10 per share and the 40-trading day average price per share immediately prior to the date of exercising the option. In addition, the NSC Group will have the right, at any time after the closing of the transaction, to withdraw its remaining shares from the control group and sell them in the open market after giving the T/T Group the opportunity to buy them at the 40-trading day average price per share, as well as the right, at any time after the second anniversary of the closing, to sell such shares to the T/T Group at BRL10 per share. Confab will have the right but not the obligation to participate in each such transaction pro rata to its current participation in the T/T Group.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Confab and the Ternium entities party to the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shareholders agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Under s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">uch separate agreement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Confab enjoys certain rights with respect to the governance of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, including, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">among others, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the ability to nominate certain </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ officers and directors</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Those circumstances evidence that Tenaris </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">continues having </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">sign</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ificant influence over </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and, as a result, continues accounting for its investment under the equity method.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">c)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Techgen</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> S.A. de C.V. (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, which operates an electric power plant in Mexico,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is a joint venture company owned 48% by Ternium, 30% by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tecpetrol</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> International S.A.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tecpetrol</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and 22%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> by Tenaris. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, Ternium and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tecpetrol</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are parties to a shareholders’ agreement relating to the governa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nce of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are under the indirect com</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mon control of San Faustin</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Based on the facts stated above, the Company has determined</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> that it has significant influence over this entity.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">d)</span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Global Pipe Company</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Global Pipe Company (“GPC”) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is a joint venture, established in <span>2010</span> and located in Jubail</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Saudi Arabia</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, which manufactures LSAW pipes. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Until May 16, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris, through its subsidiary</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Saudi Steel Pipe Company ("</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">SSPC</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">")</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">owned 35% of the share capital of GPC</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and, accordingly was a non-consolidated company.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">On May 17, 2023, SSPC acquired an additional 22.3% interest in GPC reaching a participation of 57.3%. The Company consolidates GPC’s balances and results of operations as from May 17, 2023.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For more information on GPC</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">'s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> acquisition and its accounting treatment see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>34</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Business Combinations - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Global Pipe Company acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”.</span></p> <div> <div id="t_ft_FTEEIIBJGW00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris carries its investment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s in non</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">consolidated companies</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the equity method, with no additional goodwill or intangible assets recognized. Tenaris reviews investments in non-consolidated companies for impairment whenever events or changes in circumstances indicate that the asset’s carrying amount may not be recoverable. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For more information </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ee n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ote </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>14</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023 | ifrs-full |
Proportion Of Ownership Interest In Subsidiary
ProportionOfOwnershipInterestInSubsidiary
|
0.50 | pure |
| CY2023Q4 | ifrs-full |
Assets Recognised In Entitys Financial Statements In Relation To Structured Entities
AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities
|
0 | usd |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Segment Reporting Explanatory
DescriptionOfAccountingPolicyForSegmentReportingExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">C</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Segment information</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company is organized in one major business segment, Tubes, which is also the reportable operating segment.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">All other business activities and operating segments that are not required to be separately reported are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">disclosed in the Other segment.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods (“OCTG”) used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products. Business activities included in this segment are mainly dependent on the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> worldwide</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> oil and gas industry, as this industry is a major consumer of steel pipe products, particularly OCTG used in drilling activities. Demand for steel pipe products from the oil and gas industry has historically been volatile and depends primarily upon the number of oil and natural gas wells being drilled, completed and reworked, and the depth and drilling conditions of these wells. Sales are generally made to end users, with exports being done through a centrally managed global distribution network and domestic sales are made through local subsidiaries.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Other segment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> includ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">es</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">all business activities related to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the production and selling of sucker rods, coiled tubing, tubes used for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">plumbing and construction</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">applications, oilfield / hydraulic fracturing services,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the recently acquired </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">coating business </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and others as</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> energy and raw materials that exceed internal requirements.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s Chief Operating Decision Maker (“CODM”) reviews operating and financial performance information with senior management on a monthly basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. This </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">information differ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> from IFRS principally as follows:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he use of direct cost methodology to calculate the inventories, while under IFRS it is at full cost, including absorption of production overheads and depreciation;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he use of costs based on previously internally defined cost estimates, while, under IFRS, costs are calculated at historical cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, mainly on a FIFO basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ny currency translation adjustment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">classification</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, when applicable, for companies that under IFRS had a different functional currency than the U.S. dollar; and</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ther timing differences, if any.</span></li> </ul> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">enaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> presents</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> its geographical information in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>four</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> areas:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> North America,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> South America, Europe</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Asia Pacific</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Middle East and Afri</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ca</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. For purposes of reporting geographical information, net sales are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">allocated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to geographical areas based on the customer’s location; allocation of assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> capital expenditures and associated depreciation</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and amortization</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are based on the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">geographical</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> location of the assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023Q4 | ts |
Number Of Major Business Segments
NumberOfMajorBusinessSegments
|
1 | pure |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Foreign Currency Translation Explanatory
DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory
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<p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">D</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Foreign </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">c</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">urrency </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">t</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">ranslation</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt 0pt 0pt 35.45pt; break-after: avoid; break-inside: avoid; text-align: justify; text-indent: -35.45pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Functional</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> and presentation</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> currency</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt 0pt 0pt 54pt; break-after: avoid; break-inside: avoid; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">IAS </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>21</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">revised</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“The effects of changes in foreign exchange rates” </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">defines the functional currency as the currency of the primary economic environment in which </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">an </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entity operates.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The functional </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and presentation </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">curren</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">y of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Company </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is the U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is the currency that best reflects the economic substance of the underlying events and circumstances relevant to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> global operations. </span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Starting January 1, 2023, the Company changed the functional currency of its Brazilian subsidiaries, from the Brazilian Real to the U.S. dollar.</span></p> <div style="font-family: 'times new roman', times;"> <div id="t_ft_2WCEZJDWPS00000000000000000000b"> </div> </div> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">This decision </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">wa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s a result of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">significant increase of its Brazilian Subsidiaries’</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">participation in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">OCTG and l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ine</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ipe international markets, a trend which started in recent years and has been strengthened in <span>2022</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, an </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">increased l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">evel of integration of the local operations within Tenaris’s int</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ernational </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">commercial and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">supply chain system</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, as well </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the fact that the main purchase agreement </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">contracts and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the long term </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">sales </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">agreement </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">contracts with major international </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and local </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oil companies are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">either</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entered or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">indexed to the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> U</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Local steel prices are also being affected by the U</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ollar / Brazilian Real fluctuations.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">xcept f</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the Italian subsid</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">iaries whose functional currency</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Euro</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and two recently acquired subsidiaries wh</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ose</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> functional currencies are the Canadian Dollar and the Norwegian Krone</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris determined that the functional currency of its</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> other subsidiaries </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is the U.S. dollar, based on the following principal considerations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ales are mainly negotiated, denominated and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">/ </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> settled in U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. If priced in a currency other than the U.S. dollar, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">sales </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">price </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">may consider</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> exposure to fluctuation in the exchange rate </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">against</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the U.S. dollar;</span></li> <li style="font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rices of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">their </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">critical raw materials and inputs are priced and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">/ </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> settled in U.S. dollars; </span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ransaction</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and operational</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> environment and the cash flow </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of these </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">operations ha</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the U.S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> as reference currency;</span></li> <li style="font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">there is a s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ignificant level of integration of the l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ocal operations within Tenaris's international </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">global distribution network</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">et financial assets and liabilities are mainly received and maintained in U.S. dollars; and</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he exchange rate of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">certain legal currencies </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">has long-been affected by recurring and seve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re economic crise</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s.</span></li> </ul> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Transactions in currencies other than the functional currency</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">Transactions in currencies other than the functional currency are translated into the functional currency using the exchange rates prevailing at the date of the transactions or valuati</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">on where items are re-measured.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">At the end of each reporting period: (i) monetary items denominated in currencies other than the functional currency are translated using the closing rates; (ii) non-monetary items that are measured in terms of historical cost in a currency other than the functional currency are translated using the exchange rates prevailing at the date of the transactions; and (iii) non-monetary items that are measured at fair value in a currency other than the functional currency are translated using the exchange rates prevailing at the date when</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> the fair value was determined.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation at year-end exchange rates of monetary assets and liabilities denominated in currencies other than the functional currency are recorded as gains and losses from foreign exchange and included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: normal;">Other financial results</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> in the Consolidated Income Statement, except when deferred in equity as qualifying cash flow hedges and qu</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">alifying net investment hedges.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>3</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Translation of financial information in currencies other than the functional currency</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Results of operations for subsidiaries whose functional currencies are not the U.S. dollar are translated into U.S. dollars at the average exchange rates for each quarter of the year. Financial statement positions are translated at the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">period</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-end exchange rates. Translation differences are recognized in a separate component of equity as currency translation adjustments. In the case of a sale or other disposal of any of such subsidiaries, any accumulated translation difference would be recognized in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the Consolidated Income Statement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> as a gain or loss from the sale</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> or disposal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> following IAS <span>21</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Goodwill and fair value adjustments arising from the acquisition of a foreign operation are treated as assets and liabilities of the foreign operation and translated at the closing </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">exchange </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rate.</span></p> | |
| CY2023Q4 | ts |
Number Of Subsidiaries Acquired
NumberOfSubsidiariesAcquired
|
2 | subsidiaries |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Property Plant And Equipment Explanatory
DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory
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<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">E</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Property, plant and equipment</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Property, plant and equipment are recognized at historical acquisition or construction cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> less accumulated depreciation</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and impairment losses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. H</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">istorical cost includes expenditure that is directly attributable to the acquisition of the items</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Property</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lant</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quipment acquired through</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquisitions accounted for as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">business </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">combination</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">have been valued </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">initially </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">at the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">market </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">value of the assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">acquired.</span></p> <div> <div id="t_ft_E6W7NW3MMO00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Major overhaul and rebuilding expenditures</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> are capitalized as property, plant and equipment only when </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">it is probable that future economic benefits associated with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the item will flow to the Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the investment enhances the condition of assets beyond its original condition.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> The carrying amount of the replaced part is derecognized</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">M</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">aintenance expenses on manufacturing properties are recorded as cost of products sold in the year in which they are incurred.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Cost may also include transfers fro</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">m equity of any gains or losses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Borrowing costs that are attributable to the acquisition or construction of certain capital assets are capitalized as part of the cost of the asset, in accordance with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> IAS <span>23</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">revised</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“Borrowing Cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ssets for which borrowing costs are capitalized are those that require a substantial period of time to prepare for their intended use.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">epreciation method is reviewed at each year end. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Depreciation</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is calculated using the straight-line method to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">depreciate </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the cost of each asset to its residual value over its estimated useful life</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, as follows:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr style="height: 5.5pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Land </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> No Depreciation </span></p> </td> </tr> <tr style="height: 5.5pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Buildings and improvements </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 30-50 years </span></p> </td> </tr> <tr style="height: 5.5pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Plant and production equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 10-40 years </span></p> </td> </tr> <tr style="height: 1.95pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> </span><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Vehicles, furniture and fixtures, and other equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%;"> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 1.4pt; text-indent: -1.4pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 4-10 years </span></p> </td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">residual values and useful lives of significant plant and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">production </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">equipment are reviewed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and adjusted</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> if appropriate, at each year-end</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">date. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">estimation of asset</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> useful </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lives</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, performed </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in accordance with IAS <span>16</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Property</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, Plant and E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quipment”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">resulted in additional depreciation expenses </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">approximately</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">39</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> for <span>2022</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">did not materially affect depreciation expense</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2023</span> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2021</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">enaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> depreciates each significant part of an item of property, plant and equipment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">for its different production facilities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">that (i) can be properly identified as an independent component with a cost that is significant in relation to the total cost of the item, and (ii) has a useful operating life that is different from another significant part of that same item of property, plant and equipment.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Gains and losses on disposals are determined by comparing the proceeds with the carrying amount of assets and are recognized under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other operating income </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other operating expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement.</span></p> | |
| CY2022 | ts |
Additional Depreciation Expenses
AdditionalDepreciationExpenses
|
39000000 | usd |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Intangible Assets And Goodwill Explanatory
DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">F </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Intangible assets</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Goodwill </span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Goodwill represents the excess of the acquisition cost </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">over the fair value of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> share of net identifiable assets acquired as part of business combinations determined mainly by independent valuations. Goodwill is tested </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">at least </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Goodwill is included </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;">in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal;"> the Consolidated Statement of Financial Position under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Intangible assets, net.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> </span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">For the purpose of impairment testing, g</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">oodwill<span> </span>is allocated to a<span> </span></span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">cash generating unit (“</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">CGU</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">”)</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span> </span>or group of<span> </span></span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">CGUs</span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span> </span>that<span> </span></span><span style="color: #000000; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: -48px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">are expected to benefit from the business combination which generated the goodwill being tested.</span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Information systems projects</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Costs associated with maintaining computer software programs are generally recognized as an expense as incurred. However, costs directly related to the development, acquisition and implementation of information systems are recognized as intangible assets if it is probable that they have economic benefits exceeding <span>one</span> year and comply with the recognition criteria of IAS <span>38</span>, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“Intangible Assets”.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Information systems projects recognized as assets are amortized using the straight-line method over their useful lives, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">generally </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">not exceeding a period of 3 years. Amortization charges are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mainly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">classified as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Selling, general and administrative expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement.</span> <br/></p> <div> <div id="t_ft_ZRJTTSO75S00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re-estimation of assets useful lives, performed in accordance with IAS <span>38</span>, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">did not materially affect </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amortization expenses for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2023</span>, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>3</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Licenses, patents, trademarks and proprietary technology </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Licenses, patents, trademarks, and proprietary technology are initially recognized at fair value at the acquisition date. Licenses, patents, proprietary technology and those trademarks that have a finite useful life are carried at cost less accumulated amortization. Amortization is calculated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">using the straight-line method to allocate the cost over their estimated useful lives, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">which are in the range between 3 and 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> years.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Amortization charges are mainly classified as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Cost of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">ales</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The balance of acquired t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rademarks</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> that have indefinite useful lives according to external appraisal</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">86.7</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> at December 31, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> CGU</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Main factors considered in the determination of the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> indefinite useful lives</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> include the years that </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">they have</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> been in service and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">their </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recognition among customers in the industry.</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re-estimation of assets useful lives, performed in accordance with IAS <span>38</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> did no</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t materially affect amortization</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> expenses for <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>4</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Research and development</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Research expenditures as well as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">development costs that do not fulfill the criteria for capitalization are recorded as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Cost of sales</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement as incurred. Research and development expenditures included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Cost of sales</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> for the years </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> totaled </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">60.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">50.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">45.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, respectively.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Capitalized costs were not material for the years <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">(<span>5</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">Customer relationship</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt;">s</span></p> <p style="line-height: 12pt; margin: 0pt 0.85pt 0pt 13.9pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In accordance with IFRS <span>3</span>, "Business Combinations" and IAS <span>38</span>, Tenaris has recognized the value of customer relationships separately from goodwill attributable to the acquisition of Maverick</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Tube Corporation (“Maverick”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Company (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> groups, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">SPC</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Ipsco</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> Tubulars Inc. (“IPSCO”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">the more recent acquisition of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Mattr’s pipe coating business unit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Customer relationships acquired in a business combination are recognized at fair value at the acquisition date, have a finite useful life and are carried at cost less accumulated amortization. Amortization is calculated using the straight line method over the initial expected useful li</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">v</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">which were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">approximately 14 years for Maverick, 10 y</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ears for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> 9 years for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">SSP</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> for IPSCO</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">4 months</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> for Mattr’s pipe coating business unit.</span></p> <p style="line-height: 12pt; margin: 0pt 0.9pt 0pt 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In <span>2022</span>,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> the Company reviewed the useful life of SSPC’s customer relationships and decided to reduce </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">it</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> from 5 years to 3 years, consequently a higher amortization charge of approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">4.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> million was recorded in the Consolidated Income Statement under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">Selling, general and administrative expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> for the year ended December 31, 2022.</span></p> <p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management’s re-estimation of assets useful lives, performed in accordance with IAS <span>38</span>, did not affect amortization expenses for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2023</span> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2021</span>.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">As o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">f December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> the net book</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> value </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">SSP</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">’s customer relationship amoun</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ted</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">26.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> million, with a residual useful life of </span><span style="border-left: none; border-right: none;"><span style="-sec-ix-hidden:Tag3376"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">1</span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> and <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">9</span></span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> months</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Mattr’s amounted to $21.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, with a residual useful life of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">3</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">months</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">w</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">hile </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">IPSCO’s, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Maverick’s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Hydril’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> customer relationships </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">re</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> fully amortized.</span></p> | |
| CY2023 | ifrs-full |
Research And Development Expense
ResearchAndDevelopmentExpense
|
60000000 | usd |
| CY2022 | ifrs-full |
Research And Development Expense
ResearchAndDevelopmentExpense
|
50700000 | usd |
| CY2021 | ifrs-full |
Research And Development Expense
ResearchAndDevelopmentExpense
|
45300000 | usd |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Leases Explanatory
DescriptionOfAccountingPolicyForLeasesExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">G </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Right-of-use assets and lease liabilities</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Leases are recognized as a right-of-use asset and a corresponding liability at the date at which the leased asset is available for use by the group. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. The right-of-use asset is depreciated over the lease</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> term on a straight-line basis.</span> <br/></p> <div> <div id="t_ft_DYP8U3515S00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Lease liabilities include the net present value of i) fixed payments, less any lease incentives receivable, ii) variable lease payments that are based on an index or a rate, iii) amounts expected to be payable by the lessee under residual value guarantees, iv) the exercise price of a purchase option if the lessee is reasonably certain to exercise that option, and v) payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be determined, the lessee’s incremental borrowing rate is used, being the rate that the lessee would have to pay to borrow the funds necessary to obtain an asset of similar value in a similar economic environment wit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">h similar terms and conditions.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Right-of-use assets are measured at cost comprising the amount of the initial measurement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lease liability, any lease payments made at or before the commencement date less any lease incentives received and any initial direct costs incurred by the lessee.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> or early termination</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, or not </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">exercise a termination option. Extension options (or periods after termination options) are only included in the lease term if the lease is reasonably certain to be extended (or not terminated).</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Payments associated with short-term leases</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, variable leases</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and leases of low</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">value assets are recognized on a straight-line basis as expenses in profit or loss. Short-term leases are leases with a lease term of 12 months or less.</span></p> | |
| CY2023 | ts |
Maximum Period Of Lease Term Of Short Term Leases
MaximumPeriodOfLeaseTermOfShortTermLeases
|
P12M | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Impairment Of Nonfinancial Assets Explanatory
DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">H</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Impairment of non-financial assets</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Long-lived assets including identifiable intangible assets are reviewed for impairment at the lowest level for which there are separately identifiable cash flows (</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">CGU</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">). Most of the Company’s principal subsidiaries that constitute a CGU have a single main production facility and, accordingly, each of such subsidiaries represents the lowest level of asset aggregation that generates largely independent cash inflows.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Assets that are subject to amortization or depreciation are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Intangible assets with indefinite useful lives, including goodwill, are subject to at least an annual impairment test, or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are tested</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> more frequently if events or circumstances indicate that the carrying amount value may be impaired. In some </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">situations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> where there have not been significant changes to CGU assets and liabilities as well as external and internal </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">events and circumstances </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">which could materially alter the recoverable amount of the CGU, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the most recent detailed calculation of recoverable amount made in a preceding period may be used in the impairment test for that </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">CGU</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the current period</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In assessing whether there is any indication that a CGU may be impaired, external and internal sources of information are analyzed. Material facts and circumstances specifically considered in the analysis usually include the discount rate used in Tenaris’s cash flow projections and the business condition in terms of competitive</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> economic </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and regulatory </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">factors, such as the cost of raw materials, oil and gas prices, and the evolution of the rig count.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher between the asset’s value in use and fair value less costs of disposal. Any impairment loss is allocated to reduce the carrying amount of the assets of the CGU in the following order:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -14.15pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(a) first, to reduce the carrying amount of any goodwill allocated to the CGU; and</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -14.15pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(b) then, to the other assets of the unit (group of units) pro-rata on the basis of the carrying amount of each asset in the unit (group of units), considering not to reduce the carrying amount of the asset below the highest of its fair value less cost of disposal, its value in use or <span>zero</span>.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Value </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">use is calculated by discounting the estimated cash flows over a <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span style="-sec-ix-hidden:Tag3394">five-year</span></span></span></span> period (or higher if the period can be justified) based on forecasts approved by management. For the subsequent years beyond the <span><span style="border-left: none; border-right: none;">five</span>-year</span> period, a terminal value is calculated based on perpetuity considering a nominal growth rate of 2% taking into account among others, mainly the historical inflation rate.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">For purposes of calculating the fair value less costs of disposal, Tenaris uses the estimated value of future cash flows that a market participant could generate from the corresponding CGU.</span> <br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management judgment is required to estimate discounted future cash flows. Actual cash flows and values could vary significantly from the forecasted future cash flows and related values derived using discounting techniques.</span></p> <div> <div id="t_ft_7W5S1Z91G000000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal at each reporting date. For more information on impairment charges </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>5</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated Financial Statements.</span></p> | |
| CY2023Q4 | ts |
Description Of Growth Rate Used To Extrapolate Terminal Value
DescriptionOfGrowthRateUsedToExtrapolateTerminalValue
|
0.02 | pure |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Investments Other Than Investments Accounted For Using Equity Method Explanatory
DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">I</span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Other </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">i</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">nvestments</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ther investments consist primarily of investments in financial instruments</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and time deposits with a maturity of more than </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>three</span> months</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> at the date of purchase</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Certain non-derivative financ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ial assets that the Company held not for trading</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> have been categorized as </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">financial assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">at </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair value through other comprehensive income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“FV</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">OCI</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as the business model objective is achieved by both holding financial assets in order to collect contractual cash flows and selling financial assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. They are carried at </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair value</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">omprehensive </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Income and transferred to the C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement when the financial asset is </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">disposed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement. F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">V</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">OCI</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> instruments with maturities greater than 12 months after the balance sheet date a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re included in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> non-current assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ther investments in financial instruments and time deposits are c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ategorized as financial assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">at fair value through profit or loss </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(“FVPL”) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">because such investments are held for trading and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">their</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> performance is evaluated on a fair value basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The results of these investments are recognized in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Financial Results</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the Consolidated Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Purchases and sales of financial investments are recognized as of the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ir</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">settlement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> date</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">The fair values of quoted investments are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">generally </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">based on current bid prices. If the market for a financial investment is not active or the securities are not listed, Tenaris estimates the fair value by using standard valuation techniques</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">. S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ee s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ectio</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">n III Financial Risk Management</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> | |
| CY2023 | ts |
Maximum Maturity Period Of Fair Value Through Other Comprehensive Income Instruments For Short Term Nature
MaximumMaturityPeriodOfFairValueThroughOtherComprehensiveIncomeInstrumentsForShortTermNature
|
P12M | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Measuring Inventories
DescriptionOfAccountingPolicyForMeasuringInventories
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">J </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Inventories</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Inventories are stated at the lower between cost and net realizable value. The cost of finished goods and goods in process is comprised of raw materials, direct labor, utilities</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, freights</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and other direct costs and related production overhead costs, and it excludes borrowing costs. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">llocation of fixed production costs</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, including depreciation and amortization charges,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> is based on</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> normal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> level of production capacity. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Inventories</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> cost is mainly based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">FIFO method. Tenaris estimates </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">net realizable value of inventories by grouping, where applicable, similar or related items. Net realizable value is the estimated selling price in the ordinary course of business, less any estimated costs of completion and selling expenses. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">G</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">oods in transit </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">as of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> year-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">end are valued based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">supplier’s invoice cost.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris establishes an allowance for obsolete or slow-moving inventories related to finished goods, goods in process, supplies and spare parts. For slow moving or obsolete finished products, an allowance is established based on management’s analysis of product aging. An allowance for obsolete and slow-moving inventory of supplies and spare parts is established based on management's analysis of such items to be used as intended and the consideration of potential obsolescence due to technological changes, aging and consumption patterns.</span></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Trade And Other Receivables Explanatory
DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">K</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Trade </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">and other </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">receivables</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Trade and other receivables are recognized initially at</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> fair value that corresponds to</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> the amount of consideration that is unconditional unless they contain significant financing c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">omponents. The Company holds</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> trade receivables with the objective to collect the contractual cash flows and therefore measu</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">res them subsequently at amortiz</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ed cost using the effective interest method. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Due to the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ir</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> short-term nature, their carrying amount is considered to be the same as their fair value</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> <div> <div id="t_ft_H1Q8MZ1A7400000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Tenaris applies the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> IFRS <span>9</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> “Financial Instruments”</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">simplified approach to measure</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> expected credit losses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables have been grouped based on shared credit risk characteristics and the days past due. The expected loss rates are based on the payment profiles of sales over a period of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">three years</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">and the corresponding historical credit losses exp</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">erienced within this period. The expected loss allowance also</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> reflect</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> current and forward-looking information on macroeconomic factors affecting the ability</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">each </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">custo</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">mer to settle the receivables.</span></p> | |
| CY2023 | ts |
Forecast Period Of Revenue Projections
ForecastPeriodOfRevenueProjections
|
P3Y | |
| CY2023 | ifrs-full |
Description Of Accounting Policy To Determine Components Of Cash And Cash Equivalents
DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents
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<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">L</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Cash and cash equivalents</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Cash and cash equi</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">valents are comprised of cash at</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> banks, liquidity funds and short-term investments with a maturity of less than <span>three</span> months at the date of purchase which are readily convertible to known amounts of cash. Assets recorded in cash and cash equivalents are carried at fair market value or at historical cost which </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">approximates fair market value.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In the Consolidated Statement of Financial Position, bank overdrafts are included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">Borrowings</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> in current liabilities.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">For the purposes of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">Consolidated Statement of C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">ash </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">low</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt;">ash and cash equivalents</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;"> includes </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">overdrafts</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">.</span></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Issued Capital Explanatory
DescriptionOfAccountingPolicyForIssuedCapitalExplanatory
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<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">M</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">E</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">quity</span></p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Equity</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> components</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">hanges in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quity include</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -13pt; text-align: justify; text-indent: -18pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he value of share capital, legal reserve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">share premium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and other distributable reserve</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">calculated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in accordance with Luxembourg l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">aw;</span></li> <li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -13pt; text-align: justify; text-indent: -18pt;"><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he currency translation adjustment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">treasury shares, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">other reserves,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> retained earnings</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">non-controlling</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> interest </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">calculated in accordance with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> IFRS.</span> </li> </ul> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Share cap</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">it</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">al</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company has an authorized share capital of a single </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">class of 2.5 billion shares having a nominal value of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1.00 per share. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Total ordinary shares issued as of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1,180,536,830</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">with a par value of $1.00 per share with one vote each.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Total ordinary shares outstanding as of December 31, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1,167,888,739</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and as of December 31, 2022 and <span>2021</span> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">1,180,536,830</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> with a par value of $1.00 per share with one vote each. Outstanding shares do not include treasury shares. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">All issued shares are fully paid.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>3</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Treasury Shares</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Acquisitions of treasury shares are recorded at acquisition cost, deducted from equity until disposal or cancellation. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Any potential</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> gains </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">or</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> losses on disposal of treasury shares </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> recognized under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other r</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">eserves</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Changes in Equity</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Treasury shares outstanding as of December 31, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">12,648,091</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>4</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Dividends distribution by the Company to shareholders </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Dividends distributions are recorded in the Company’s financial statements when Company’s shareholders have the right to receive the payment, or when interim dividends are approved by the Board of Directors in accordance with the by-laws of the Company. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Dividends may be paid by the Company to the extent that it has distributable retained earnings, calculated in accordance with Luxembourg law. S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ee </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ote</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>27</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (iii)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023Q4 | ifrs-full |
Number Of Shares Authorised
NumberOfSharesAuthorised
|
2500000000 | shares |
| CY2020Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2022Q4 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
1180536830 | shares |
| CY2021Q4 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
1180536830 | shares |
| CY2023Q4 | ifrs-full |
Number Of Shares Issued
NumberOfSharesIssued
|
1180536830 | shares |
| CY2022Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2021Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2023Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2022Q4 | ts |
Number Of Votes Per Share
NumberOfVotesPerShare
|
1 | pure |
| CY2023Q4 | ts |
Number Of Votes Per Share
NumberOfVotesPerShare
|
1 | pure |
| CY2023Q4 | ifrs-full |
Number Of Shares Outstanding
NumberOfSharesOutstanding
|
1167888739 | shares |
| CY2021Q4 | ifrs-full |
Number Of Shares Outstanding
NumberOfSharesOutstanding
|
1180536830 | shares |
| CY2022Q4 | ifrs-full |
Number Of Shares Outstanding
NumberOfSharesOutstanding
|
1180536830 | shares |
| CY2021Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2022Q4 | ifrs-full |
Par Value Per Share
ParValuePerShare
|
1 | |
| CY2022Q4 | ts |
Number Of Votes Per Share
NumberOfVotesPerShare
|
1 | pure |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Borrowings Explanatory
DescriptionOfAccountingPolicyForBorrowingsExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">N</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Borrowings</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Borrowings are recognized initially at fair value net of transaction costs incurred and subsequently measured at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective interest method.</span><br/></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Income Tax Explanatory
DescriptionOfAccountingPolicyForIncomeTaxExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">O</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Current and d</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">eferred income tax</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The income tax expense or credit for the period is the tax payable</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> or recoverable</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> on the current period’s taxable income based on the applicable income tax rate for each jurisdiction adjusted by changes in deferred tax assets and liabilities attributable to temporary differences and to unused tax losses. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Current and deferred t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ax is recognized in the Consolidated Income Statement, except </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to the extent that it relates to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">items recognized in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">other comprehensive income or directly in equity.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">In these cases, the tax is also recognized in other comprehensive income or directly in equity, respectively.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the reporting date in the countries where the Company’s subsidiaries operate and generate taxable income.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred income tax is recognized applying the liability method on temporary differences arising between the tax bas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s of assets and liabilities and their carrying amounts in the financial statements. The temporary differences arise </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mainly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">from </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">net operating loss carry-forwards</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the effect of currency translation on depreciable fixed assets and inventories, depreciation on property, plant and equipment, valuation of inventories, provisions for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">post-employment benefits and other long-term employee benefits</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">fair value adjustments of assets acquired in business combinations. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">However, deferred tax liabilities are not recognized if they arise from the initial recognition of goodwill. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the time period when the asset is realized or the liability is settled, based on tax laws that have been enacted or substantively enacted at the reporting date. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and considers whether it is probable that a taxation authority will accept an uncertain tax treatment. The Company measures its tax balances either based on the most likely amount or the expected value, depending on which method provides a better prediction of the resolution of the uncertainty.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets are recognized to the extent</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> that</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> it is probable that future taxable profits will be available</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> against which the te</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mporary differences </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and losses </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">can be utiliz</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At the end of each reporting period, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> reassesses </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">unrecognized</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> deferred tax assets. T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">enaris</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recognizes</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> a previously </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">unrecognized</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> deferred tax asset to the extent that it has become probable that future taxable </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> will allow the deferred tax asset to be recovered.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ax basi</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s of investments in foreign operations where the company is able to control the timing of the reversal of the temporary differences and it is probable that the differences will not reverse in the foreseeable future.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets and liabilities and when the deferred tax balances relate to the same taxation authority. Current tax assets and tax liabilities are offset where the entity has a legally enforceable right to offset and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred tax assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and liabilities are re-measured</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> if tax rates change. These amounts </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are charged or credited to the Consolidated Income Statement or to the item </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">ther co</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">mprehensive income </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Comprehensive I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome, depending on the account to which the original </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amount was charged or credited.</span></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Employee Benefits Explanatory
DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">P</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Employee benefits</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.5pt; text-align: justify; text-indent: -22.5pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>1</span>) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Short-term obligations</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Liabilities for wages and salaries are recognized in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.5pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -22.5pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>2</span>)</span><span style="text-align: justify; text-indent: -21.3pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Post</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">employment benefits</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company has defined benefit and defined contribution plans. A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee will receive on retirement, usually dependent on <span>one</span> or more factors such as age, years of service and compensation. </span><br/></p> <div> <div id="t_ft_ZO8AIK275C00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The liability recognized in the statement of financial position in respect of defined benefit pension plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets, if any. The defined benefit obligation is calculated annually (at year end) by independent actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash flows using interest rates of high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension obligation. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other comprehensive income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in the period in which they arise. Past-service costs are recognized immediately in the Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For defined benefit </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">funded </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">plans, net interest income</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">/</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">expense is calculated based on the surplus or deficit derived by the difference between the defined benefit obligations less fair value of plan assets. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For defined contribution plans, the Company pays contributions to publicly or privately administered pension insurance plans on a mandatory, contractual or voluntary basis. The Company has no further payment obligations once the contributions have been paid. The contributions are recognized as employee benefit expenses when they are due. Prepaid contributions are recognized as an asset to the extent that a cash refund or a reduction in the future payments is available. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris sponsors funded and unfunded defined benefit pension plans in certain subsidiaries. The most significant are:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <div id="t_ft_H96S2TADV400000000000000000000b"> <table style="width: 100%; margin-left: 0.1px; height: 46px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse;"> <tbody> <tr style="height: 16px;"> <td style="height: 16px; width: 4%; vertical-align: top; padding: 0px 1px;" valign="top"> <p>•</p> </td> <td style="height: 16px; text-align: justify; padding: 0px 1px 10px; width: 96%; vertical-align: top;" valign="top"> <p><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">An unfunded defined benefit employee retirement plan for certain senior officers. The plan is designed to provide certain benefits to those officers (additional to those contemplated under applicable labor laws) in case of termination of the employment relationship due to certain specified events, including retirement. This unfunded plan provides defined </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">benefits based on years of service and final average salary</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">. </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">As of December 31, 20</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> the outstanding liabil</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ity for this plan amounts to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">48.1</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> million.</span></p> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; vertical-align: top; padding: 0px 1px;" valign="top">•</td> <td style="height: 10px; text-align: justify; padding: 0px 1px 10px; vertical-align: top;" valign="top"> <p><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Employees’ service rescission indemnity</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">. T</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">he </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">cost of this obligation is charged to the Consolidated Income Statement over the expected service lives of employees. This provision is primarily related to the liability ac</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">crued for employees at </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Tenaris’s</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> Italian subsidiary. As from January 1, 2007 as a consequence of a change in an Italian law, employees were entitled to make contributions to external funds, thus, </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Tenaris’s</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> Italian subsidiary pays every year the required contribution to the funds with no further obligation. As a result, the plan changed from a defined benefit plan to a defined contribution plan effective from that date, but only </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">limited to the contributions of <span>2007</span> onwards.</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">As of December 31, 20</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> the outstanding </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">liabil</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ity for this plan amounts to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">10.6</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> million.</span><br/></p> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; vertical-align: top; padding: 0px 1px;" valign="top">•</td> <td style="height: 10px; text-align: justify; padding: 0px 1px 10px; vertical-align: top;" valign="top"> <p><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Funded retirement benefit plan held in the U</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">S</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> for the benefit of some employees hir</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ed prior a certain date,</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> frozen for the purposes of credited service as well as determination of final average pay for the retirement benefit calculation. Plan assets consist primarily of investments in equities and money market</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">funds. Additionally, an unfunded post</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>-</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">retirement health and life plan</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> is</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> in place</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> that offers limited medical and life insurance benefits to the retirees, </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">frozen to new participants</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> A</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">s of December 31, 20</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> the outstanding</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">liabil</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">ity for these</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> plan</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">s</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> amounts to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">5.6</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> million.</span></p> </td> </tr> <tr style="height: 10px;"> <td style="height: 10px; vertical-align: top; padding: 0px 1px;" valign="top">•</td> <td style="height: 10px; text-align: justify; vertical-align: top; padding: 0px 1px;" valign="top"><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">Funded retirement benefit plans held in Canada for salary and hourly employees hired prior to a certain date based on years of service and, in the case of salaried employees, final average salary. Plan assets consist </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">primarily of </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">annuities purchased from an insurance company for the benefit of current and future retiree</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">s,</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">investments in </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">debt and </span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">equit</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">y instruments</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"> for the purposes of credited service as well as determination of final average pay. As of December 31, 202</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';"><span>3</span></span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">the plan was overfunded and the net assets related to this plan amounted to $</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">10.8</span> <span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">million</span><span style="color: #000000; font-size: 10pt; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -23.8px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-family: 'Frutiger 45 Light';">.</span></td> </tr> </tbody> </table> </div> <br/><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">(<span>3</span>)</span><span style="text-align: justify; text-indent: -21.3pt; font-variant-numeric: normal; font-variant-east-asian: normal; font-variant-alternates: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-variant-position: normal; font-stretch: normal; font-size: 10pt; line-height: normal; font-family: 'Times New Roman';"> </span><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">O</span><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">ther long-</span><span style="text-align: justify; text-indent: -21.3pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; font-style: italic; font-weight: bold;">term benefits</span> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">During <span>2007</span>, Tenaris launched an</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">employee retention and long</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt;">term incentive program</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Program”) applicable to certain senior officers and employees of the Company, who will be granted a number of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nits throughout the duration of the Program. The value of each of these </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nits is based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shareholders’ equity (excluding non-cont</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rolling interest). </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Until </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the end of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2017</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> u</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nits </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">vest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ratably over</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> a period of <span style="border-left: none; border-right: none;">four years</span> and were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mandatorily</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> redeemed by the Company <span style="border-left: none; border-right: none;">ten years</span> after grant date, with the option of an early redemption at <span style="border-left: none; border-right: none;">seven years</span> after</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> grant date.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Since</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2018</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">units </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">vest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ratably over the same period and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mandatorily redeemed by the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Company <span style="border-left: none; border-right: none;">seven years</span> after grant date.</span></p> <div> <div id="t_ft_KQ7U20T3K000000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he beneficiaries of the Program are</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">entitled to receive cash amounts based on: (i) the amount of dividend payments made by Tenaris to its shareholders and (ii) the number of units held by each beneficiary to the Program.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The payment of the benefit is tied to the book value of the shares, and not to their market value.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris valued this long-term incentive program as a long</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">term benefit plan as classified in IAS <span>19</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Employee Benefits”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the outstanding liability corresponding to the Program </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">amounts to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">119.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">94.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, respectively. The total value of the units granted </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(vested and unvested) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to date under the program, considering the number of units and the book value p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">er share as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, is $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">144.0</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">123.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, respectively.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>4</span>)</span><span style="font: 10pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Termination benefits</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Termination benefits are payable when employment is terminated by Tenaris before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. Tenaris </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recognizes</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> termination benefits at the earlier of the following dates: (a) when it can no longer withdraw the offer of those benefits; and (b) when the costs for a restructuring that is within the scope of IAS <span>37</span> involves the payment of terminations benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 36pt; page-break-after: avoid; page-break-inside: avoid; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">(<span>5</span>)</span><span style="font: 7.0pt 'Times New Roman';"> <span style="font-size: 10pt;"> </span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Other compensation obligations</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Employ</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ee entitlements to annual leave, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">long-service leave</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, sick leave and other bonuses and compensations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> obligations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are accrued as earned.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> <br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Compensation to employees in the event of dismissal is charged to income in the year in which it becomes payable.</span></p> | |
| CY2017 | ts |
Employee Benefits Unit Vesting Period
EmployeeBenefitsUnitVestingPeriod
|
P4Y | |
| CY2017 | ts |
Employee Benefits Company Redemption Period
EmployeeBenefitsCompanyRedemptionPeriod
|
P10Y | |
| CY2017 | ts |
Employee Benefits Early Redemption Period
EmployeeBenefitsEarlyRedemptionPeriod
|
P7Y | |
| CY2023 | ts |
Employee Benefits Company Redemption Period
EmployeeBenefitsCompanyRedemptionPeriod
|
P7Y | |
| CY2023Q4 | ts |
Other Current Noncurrent Benefits
OtherCurrentNoncurrentBenefits
|
119600000 | usd |
| CY2022Q4 | ts |
Other Current Noncurrent Benefits
OtherCurrentNoncurrentBenefits
|
94400000 | usd |
| CY2023Q4 | ts |
Carrying Value Of Units Granted
CarryingValueOfUnitsGranted
|
144000000 | usd |
| CY2022Q4 | ts |
Carrying Value Of Units Granted
CarryingValueOfUnitsGranted
|
123900000 | usd |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Provisions Explanatory
DescriptionOfAccountingPolicyForProvisionsExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Q</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Provisions </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris is subject to various claims, lawsuits and other legal proceedings, including customer claims, in which a third party is seeking payment for alleged damages, reimbursement for losses or indemnity. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> potential liability with respect to such claims, lawsuits and other legal proceedings cannot be estimated with certainty. Management periodically reviews the status of each significant matter and assesses potential financial exposure. If</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, as a result of past events, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a potential loss from a claim or proceeding is considered probable and the amount can be </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">reliably</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> estimated, a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">provision </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements, and take into consideration </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> litigation and settlement strategies. These estimates are primarily constructed with the assistance of legal counsel. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As the scope of liabilities become better defined, there may be changes in the estimates of future costs </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">which could have a material adverse effect on its results of operations, financial condition and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">cash flows.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">If Tenaris expects to be reimbursed for an accrued expense, as would be the case for an expense or loss covered under an insurance contract, and reimbursement is considered virtually certain, the expected reimbursement is recognized as a receivable.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">This note should be read in conjunction with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ote </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>27</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> these Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Trade And Other Payables Explanatory
DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">R </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Trade and other payables </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Trade and other payables are recognized initially at fair value, generally the nominal invoice amount and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">subsequently measured at amortiz</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed cost. They are presented as current liabilities unl</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ess payment is not due within <span>twelve</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> months after the reporting period.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Due to the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ir</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> short-term nature </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">heir carrying amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considered to be the same as their fair value. </span></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Recognition Of Revenue
DescriptionOfAccountingPolicyForRecognitionOfRevenue
|
<p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">S</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Revenue recognition </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Revenue comprises the fair value of the consideration received or receivable for the sale of goods and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> rendering of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> services in the ordinary course of Tenaris’s activities. The revenue recognized by the Company is measured at the transaction price of the consideration received or receivable to which the Company is entitled to, reduced by estimated returns and other customer credits, such as discounts and volume rebates, based on the expected value to be realized and after eliminating sales within the group.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Revenue is recognized at a point in time or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">over</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> time from sales when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The control </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> transfer</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">red</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">upon</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> delivery.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Delivery occurs when the products have been shipped to the specific location, the risks of obsolescence and loss have been transferred and either the customer has accepted the product in accordance with the sales contract, the acceptance provisions have lapsed or the Company has objective evidence that all criteria for acceptance have been satisfied, including all performance obligations. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">These conditions are determined and ana</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">lyzed on a contract by contract</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> basis to ensure that all performance obligations are fulfilled</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n particular, Tenaris verifies customer acceptance of the goods, the satisfaction of delivery terms and any other applicable condition.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">For bill and hold transactions</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> revenue is recognized only to the extent that (a) the reason for the bill and hold arrangement must be substantive (for example, the customer has requested the arrangement); (b) the products have been specifically identified and are ready for delivery; (c) the Company </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">does not</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;"> have the ability to use the product or to direct it to another customer; (d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">) the usual payment terms apply.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company’s contracts</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> with customers</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> do not provide any material variable consideration, other than discounts, rebates and right of return. Discounts and rebates are recognized based on the most likely value and right</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of return</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are based o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n expected value considering past experience</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and contract conditions.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal;">Where the contracts include multiple performance obligations, the transaction price is allocated to each performance obligation based on the stand-alone selling prices. Where these are not directly observable, they are estimated based on the expected cost plus margin.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">There are no judgements applied by management that significantly affect the determination of timing of satisfaction of performance obligations, nor the transaction price and amounts allocated to different performance obligations. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris provides services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> primarily</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> related to goods sold, which represent a non-material portion of sales revenue and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mainly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">include:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Pipe Management Services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">This comprises mainly preparation of the pipes ready to be run, delivery to the customer, storage services and rig return.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Field Services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Comprises</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">field technical support and running assistance.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">These services</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rendered in connection to the sales of goods and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> attached to contracts with customers for the sale of goods. A significant portion of service revenue is recognized in the same period as the goods sold. There are no distinct uncertainties in the revenues and cash flows of the goods sold and services rendered as they are included in the same contract, have the same counterparty and are subject to the same conditions.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he Company </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">also </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">provide</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> hydraulic fracturing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> coiled tubing </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and coating </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">services. The revenue related to these services is included in the Other segment.</span></p> <p style="line-height: 12pt; margin: 0pt;"> </p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Revenue from providing services is recognized over time in the accounting period in which the services are rendered</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span></p> <p style="line-height: 12pt; margin: 0pt;"> </p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he following in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">puts and outputs methods are applied</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to recognize revenue</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considering the nature</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of service</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <p style="line-height: 12pt; margin: 0pt;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Storage services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ompany provides storage services in owned or third-party warehouses, subject to a variable fee</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to be invoiced. T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">his fe</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e is determined based on the time that the customer maintains the material in the warehouse and th</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e amount of the material stored. In the majority of cases, to quantify the amount to be invoiced in any given month, the monthly average fee of storage per ton is multiplied by the monthly average stock stored (in tons).</span></p> <div> <div id="t_ft_1FJOC6NSMO00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Freights</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the revenue </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is recognized </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">on a pro rata basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considering the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">units delivered and time</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> elapsed.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Field services</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the revenue i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s recognized considering output</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> method</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, in particular surveys of service comple</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tion provided by the customer.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company does not expect to have any contracts where the period between the transfer of the promised goods or services to the customer and payment by the customer exceeds <span>one</span> year. As a consequence,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> considering that the contracts do not include any significant financing component,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the Company does not adjust any of the transaction pric</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">es for the time value of money. For this reason, the Company is also applying the practical expedient not to disclose details on transaction prices allocated to the remaining performance obligations as of the end of the reporting period.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris only provides standard quality warranties assuring that the goods sold will function as expected or are fit for their intended purpose, with no incremental service to the customer. Accordingly, warranties do not constitute a separate performance obligation.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Other revenues earned by Tenaris are recognized on the following basis:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Interest income: on the effective yield basis. </span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Dividend income from investments in other companies: when Tenaris’s right to receive payment is established.</span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Net income from other sales: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">when contro</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">l is</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> transferred</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to the customer.</span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -21pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Construction / coating c</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ontracts </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">revenues</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in accordance with the stage of the project completion.</span></li> </ul> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Expenses Explanatory
DescriptionOfAccountingPolicyForExpensesExplanatory
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<h4 style="line-height: 12pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">T</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Cost of sales and </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">other selling expenses</span></h4> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Cost of sales and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">other selling</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">expenses are recognized in the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Consolidated I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement on the accrual basis of accounting.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Commissions, freight</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and other selling expenses</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, including shipping and handling costs, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recorded</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">elling, general and administrative expense</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Consolidated I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ncome </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Earnings Per Share Explanatory
DescriptionOfAccountingPolicyForEarningsPerShareExplanatory
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<h4 style="line-height: 12pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">U</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Earnings per share</span></h4> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Earnings per share are calculated by dividing the income attributable to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the shareholders’ equity</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">by the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">monthly </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">weighted average number of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">common</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> shares </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">outstanding</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> during the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">period</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">There are no dilutive potential ordinary shares.</span></p> | |
| CY2023 | ifrs-full |
Dilutive Effect Of Share Options On Number Of Ordinary Shares
DilutiveEffectOfShareOptionsOnNumberOfOrdinaryShares
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0 | shares |
| CY2023 | ifrs-full |
Description Of Accounting Policy For Financial Instruments Explanatory
DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory
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<h4 style="line-height: 12pt; margin: 0pt; page-break-after: avoid; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">V</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">F</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">inancial instruments</span></h4> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Non</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s and trade and other payables.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company classifies its financial instruments according to the following measurement categories:</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -9pt; text-align: justify; text-indent: -21.3pt;"><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">those to be measured subsequently at fair value (either through OCI or through profit or loss), and</span></li> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -9pt; text-align: justify; text-indent: -21.3pt;"><span style="font: 7.0pt 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">those to be measured at amortised cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></li> </ul> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The classification depends on the Company’s business model for managing the financial assets and contractual terms of the cash flows.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Financial assets are recognized on their settlement date. Financial assets are derecognized when the rights to receive cash flows from the financial assets have expired or have been transferred and the Company has transferred substantially all the risks and rewards of ownership.</span></p> <div> <div id="t_ft_VX4Z3F9HCW00000000000000000000b"> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expenses in profit or loss.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the cash flow characteristics of the asset. There are <span>three</span> measurement categories into which the Company classifies its debt instruments:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Amortized Cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: Assets that are held for collection of contractual cash flows where those cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Fair value through oth</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">er comprehensive income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest. Interest income from these financial assets is included in finance income using the effective interest rate method. Unrealized gains or losses are recorded as a fair value adjustment in the Consolidated Statement of Comprehensive Income and transferred to the Consolidated Income Statement when the financial asset is sold.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Fai</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">r value through profit and loss</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">: Assets that do not meet the criteria for amortized cost or FVOCI. Changes in fair value of financial instruments at FVPL are immediately recognized in the Consolidated Income Statement.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">E</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">quity instruments are subsequently measured at fair value.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Accounting for derivative financial instruments and hedging act</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ivities is included within the s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ection III, Financial Risk Management.</span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Financial Risk Management Explanatory
DisclosureOfFinancialRiskManagementExplanatory
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<p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; text-transform: uppercase; line-height: inherit;">iii</span><span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; text-transform: uppercase; line-height: inherit;">.</span> <span style="color: #cc0066; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; text-transform: uppercase; line-height: inherit;">Financial risk management</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The multinational nature of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> operations and customer base expose</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ompany </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">a variety of risks,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> mainly related to market risks (</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">including the effects of changes in foreign currency exchange rates and interest rates</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, credit risk</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and capital</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> market</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> risk</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In order to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">manage the volatility related to these exposures, management evaluates </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">exposures</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> on a consolidated basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> tak</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> advantage of exposure netting. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">he Company or its subsidiaries may </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">then </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">enter into various derivative transactions </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">in order</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">prevent</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> potential adverse impacts on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">financial </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">performance</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. Such derivative transactions are executed in accordance with internal policies and hedging practices.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">A. Financial </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">r</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">isk </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">f</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">actors</span></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(i) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Capital risk m</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">anagement</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">is seeks to maintain a low</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> debt</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to total </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">equity ratio considering the industry and the mark</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ets where it operates. The year-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">end </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ratio of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">debt </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">to total </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">equity </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">(where </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">debt</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> comprises financial borrowings and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">total </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">equity</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> is the sum of financial borrowings and equity</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">is </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.03</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">as</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of December</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 31</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.05</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. The Company does not have to comply with regulatory capital adequacy requirements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(ii)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Foreign exchange risk </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris manufactures and sells its products in a number of countries throughout the world and consequently is exposed to foreign exchange rate risk. Since the Company’s functional currency is the U.S. dollar the purpose of Tenaris’s foreign currency hedging program is mainly to reduce the risk caused by changes in the exchange rates of other currencies against the U.S. dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s exposure to currency fluctuations is reviewed on a periodic </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">consolidated basis. A number of derivative transactions are performed in order to achieve an efficient </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">coverage in the absence of operative or natural hedges. Almost all of these transactions are fo</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">rward exchange rates contracts. S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ee </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ote </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>26</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">to these</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris does not</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">enter into derivative financial instruments for trading or other speculative purposes, other than non-material investments in structured products</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In the case of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> subsidiaries </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> functional currencies other than the U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">dollar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the results of hedging activities</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> reported in accordance with IFRS</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> may not</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">reflect</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> entirely</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> management’s assessment of its foreign exchange risk hedging program. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ntercompany balances between </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> subsidiaries may generate financial gains (losses) to the extent that functional currencies differ.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The value</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> financial assets and liabilities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">is</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ubject to changes arising from</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the variation of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">foreign currency</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> exchange rates. The following table </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">provides</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> a breakdown of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">main financial assets and liabilities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">(including foreign exchange derivative contracts) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">which impact the Company’s profit and loss </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 78px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;"> All amounts Long / (Short) in thousands of U.S. dollars </span></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Currency Exposure / Functional currency </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Argentine Peso / U.S. dollar </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (134,716 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (126,739 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Euro / U.S. dollar </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (203,608 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (42,458 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Saudi Arabian Riyal / U.S. dollar </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (181,931 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (74,183 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The main relevant exposures correspond to:</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"> <li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Argentine Peso / U.S. dollar</span></span></li> </ul> <p style="line-height: 1.2; margin: 10pt 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> As of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> consisting primarily of Argentine Peso-denominated financial, trade, social and fiscal payables at certain Argentine subsidiaries whose functional currency is the U.S. dollar. A change of <span>1</span>% in the ARS/USD exchange rate would have generated a pre-tax gain / loss of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> respectively.</span></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 14.2pt; text-align: justify;"><br/></p> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"> <li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important;">Euro / U.S. dollar</span></span></li> </ul> <p style="line-height: 1.2; margin: 10pt 0pt 0pt 18pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and <span>2022</span> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">consisting primarily of Euro-denominated intercompany liabilities at certain subsidiaries whose functional currency is the U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">dollar. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">A change of <span>1</span>% in the EUR/USD exchange rate would have generated a pre-tax gain / loss of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million as of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, respectively, which would have been to a large extent offset by changes in currency translation adjustment included in Tenaris’s net equity position.</span></p> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"> <li class="mylistitemclass" style="font-family: Wingdings; font-size: 10pt; line-height: 1.2; margin: 10pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'times new roman', times; font-size: 10pt; line-height: inherit;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; display: inline !important;">Saudi Arabian Riyal / U.S. dollar</span></span></li> </ul> <p style="line-height: 1.2; margin: 10pt 0pt 0pt 18pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> consisting primarily of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Saudi Arabian Riyal-denominated financial and trade payables</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. The Saudi Arabian Riyal is tied to the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> U.S.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> dollar.</span></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Considering the balances held as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> on financial assets and liabilities exposed to foreign exchange rate fluctuations, Tenaris estimates that the impact of a simultaneous <span>1</span>% favorable / unfavorable movement in the levels of foreign currencies exchange rates relative to the U.S. dollar, woul</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">d be a pre-tax gain / loss of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">6.7</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million (including a loss / gain of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million due to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">foreign exchange derivative contracts), </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">which would be partially offset by changes to Tenaris’s net equity position of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> For balances held as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, a simultaneous <span>1</span>% favorable / unfavorable movement in the foreign currencies exchange rates relative to the U.S. dollar, would have generated a pre-tax gain / loss of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">4.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million (including a loss / gain of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million due to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">foreign exchange derivative contracts), </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">which would have been partially offset by changes to Tenaris’s net equity position of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris based its </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">foreign exchange </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">sensitivity analysis on a 1% variance for information purposes only, enabling the analysis to any particular variance.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(iii) </span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Interest rate risk</span></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 17.85pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris is subject to interest rate risk</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> on</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> its investment portfolio</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and its debt</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company uses a mix of variable and fixed rate debt in combination with its investment portfolio strategy. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">he Company may choose to enter into </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">foreign exchange derivative contracts and / or </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">interest rate swaps to mitigate the exposure to changes in the interest rates. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The following </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">table </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">summarizes</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the proportions of variable-rate and fixed-rate debt as of each year end</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="line-height: 1.2;"> <div id="t_ft_HIB39DURDS00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 95px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="10" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 53%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Fixed rate <sup>(*) </sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 15%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 294,946 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 51% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 15%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 497,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 68% </span></p> </td> <td style="padding: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Variable rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 288,491 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 230,873 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 32% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 9pt;"><sup>(*)</sup> <span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Out of </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">the $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">294.9</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> m</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">illion fixed rate </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">borrowings,</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">271.1</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">m</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">illion are short-term</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></p> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company estimates that</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> if</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> market</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> interest rates</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> applicable to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> borrowings</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">had</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> been <span>100</span> basis points higher</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">then the additional </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">pre-tax </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">loss</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> would </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">have been </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">6.4</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">in <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">5.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">in <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris based its interest rate sensitivity analysis on a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>100</span> basis points</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> variance for information purposes only, enabling the analysis to any particular variance.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(iv) </span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Credit risk</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Credit risk arises from cash and cash equivalents, deposits with banks and financial institutions, as well as credit exposures to customers, including outstanding receivables and committed transactions. The Company also actively monitors the creditworthiness of its treasury, derivative and insurance counterparties in order to minimize its credit risk.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">No single customer comprised more than 10% of Tenaris’s net sales in <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">maintains</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> a strong, longstanding relationship with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Petróleos</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Mexicanos</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Pemex</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>one</span> of the world’s largest crude oil and condensates producers and <span>one</span> of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">its</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> largest customers. Over the past several months, Pemex has delayed payments beyond the agreed-upon due dates, resulting in Tenaris having a significant credit exposure to Pemex, which represented approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">% of the Company’s overall credit exposure as of December 31, 2023. The Company has not historically had any material write-offs due to uncollectible accounts receivable relating to this customer. Although the parties are in continuous conversations and Pemex is making partial payments on a periodic basis, at this stage the Company cannot predict whether or not its exposure to Pemex will be reduced, or the timing for any such reduction.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s credit policies related to sales of products and services are designed to identify customers with acceptable credit history and to allow Tenaris to require the use of credit insurance, letters of credit and other instruments designed to minimize credit risks </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">whenever deemed necessary. Tenaris maintains allowances for impairment for potential credit losses.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> See s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ection II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">K</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">trade receivables amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2,480.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. Trade receivables ha</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> guarantees under credit insurance of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">212.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, letter of credit and other bank guarantees of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">48.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">verdue trade receivables amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">679.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, overdue guaranteed trade receivables amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">24.4</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million; and the allowance for doubtful accounts amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">49.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> trade receivables amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2,493.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. Trade receivables ha</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> guarantees under credit insurance </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">231.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, letter of credit and other bank guarantees of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">34.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. O</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">verdue trade receivables amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">544.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, overdue guaranteed trade receivables amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">28.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million; and the allowance for doubtful accounts amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">45.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Management believes that b</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">oth the allowance for doubtful accounts and the existing guarantees are sufficient to cover doubtful trade receivables.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(v) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Counterparty risk</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris has investment guidelines with specific parameters to limit issuer risk on marketable securities. Counterparties for derivatives and cash transactions are limited to high credit quality financial institutions, normally investment grade.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">Approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">91%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> of Tenaris’s liquid financial assets correspond</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> to Investment Grade-rated instruments as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">, in comparison with approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">80%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <div> </div> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">v</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Liquidity risk</span></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> financing strategy </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">m</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s to maintain adequate financial resources and access to additional liquidity. During <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, Tenaris has counted on cash flows from operations as well as additional bank financing to fund its transactions.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Management maintains sufficient cash and marketable securities to finance normal operations and believes that Tenaris also has </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">appropriate </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">access to market for short-term working capital needs.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Liquid financial assets as a whole (comprising cash and cash equivalents and other investments</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">) were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">19%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">9%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> total asset</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s at the end of <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris has a conservative approach to the management of its liquidity, which consists of i)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">cash and cash equivalents (cash in banks, liquidity funds and investments</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">with a</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">maturity of less than <span style="border-left: none; border-right: none;">three months</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">at the date of purchase), and ii) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ther </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">nvestments (fixed income securities, time d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">eposits, and fund investments).</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris holds primarily investments in money market </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">funds and variable or fixed-rate securities from investment grade issuers. </span></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">Tenaris holds its investments primarily in U.S. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">dollars. As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">, U.S. dollar denominated liquid assets plus investments denominated in other currencies hedged to the U.S. dollar represented approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">94%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">87%</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">of total liquid financial assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">, respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(vii) </span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Commodity price risk</span></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">In the ordinary course of its operations, Tenaris purchases commodities and raw materials that are subject to price volatility caused by supply conditions, political and economic variables and other factors. As a consequence, Tenaris is exposed to risk resulting from fluctuations in the prices of these commodities and raw materials. Tenaris fixes the prices of such raw materials and commodities for short-term periods, typically not in excess of <span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;"><span>one</span> year</span></span>, and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">n general hedging for these risks is performed on a limited basis.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">B. Category of financial instruments and classification w</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">ithin th</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">e fair value h</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">ierarchy</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As mentioned in note II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">V</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the Company classifies its financial instruments in the following measurement categories: amortized cost, fair value through othe</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">r comprehensive income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and fair </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">value through profit and loss</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">For financial instruments that are measured in the statement of financial position at fair value, IFRS <span>13</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">“Fair value measurement” </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">requires a disclosure of fair value measurements by level according to the following fair value measurement hierarchy:</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Level <span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Quoted prices (unadjusted) in active markets for identical assets or liabilities.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Level <span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Inputs other than quoted prices included within Level <span>1</span> that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices).</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Level <span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs).<br/></span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <div> </div> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The following tables present the financial instruments by category and levels as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <div id="t_ft_01U6RA2IBK00000000000000000000b"> <div> <table cellpadding="0" cellspacing="0" style="height: 540px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVPL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>1</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>2</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>3</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 18%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,637,821 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,414,397 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 223,424 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 223,424 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,969,631 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 896,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,073,465 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt 0pt 0pt 8.7pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, <span>zero</span> coupon bonds, commercial papers) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 896,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 896,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> U.S. Sovereign Bills </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 282,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 282,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Certificates of deposits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 334,637 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 334,637 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Commercial papers </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 196,708 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 196,708 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other notes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 82,596 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 82,596 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> U.S. government securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 126,399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 126,399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 126,399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Non-U.S. government securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 10,943 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 10,943 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 10,943 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Corporates securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 696,939 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 696,939 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 696,939 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Mutual Fund </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 405,631 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Receivables C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 414,778 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 93,144 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 93,144 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 93,144 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables (non-financial) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 321,634 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 4,884,596 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 1,232,501 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 479,820 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 1,695,109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0pt; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other liabilities C and NC (*) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;"><span style="font-weight: bold;">693,913</span></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;"><span style="font-weight: bold;">86,240</span></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;"><span style="font-weight: bold;">86,240</span></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">86,240</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">86,240</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">86,240</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other liabilities (non-financial) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">607,673</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,107,567 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,107,567 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 134,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 134,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 1,825,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 97,390 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;">86,240</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><sup>(*)</sup> <span>Includes liability related to share buyback program. See note <span>37</span> to these Consolidated Financial Statements.</span></span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <div> </div> <div id="t_ft_I8R79O5E4G00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 487px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 13.9912%;"> <p style="margin: 0pt;"><br/></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 34.3152%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 30.9278%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVPL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>1</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>2</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>3</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 13.9912%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 8.9838%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,091,527 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.5729%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 668,668 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 8.24742%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.65832%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 422,859 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.36377%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 422,859 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.36377%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.36377%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 438,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 196,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 182,988 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 59,308 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 242,296 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 34px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px; width: 13.9912%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt 0pt 0pt 8.7pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, <span>zero</span> coupon bonds, commercial papers) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 196,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 196,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Certificates of deposits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 36,167 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 36,167 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Commercial papers </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 19,785 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 19,785 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 18px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other notes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 140,200 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 140,200 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 211,953 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 182,988 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 28,965 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 211,953 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Non-U.S. government securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 108,310 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 79,345 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 28,965 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 108,310 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Corporates securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 103,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 103,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 103,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Mutual Fund </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 30,343 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 30,343 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 30,343 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 119,902 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Receivables C and NC (*) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 395,531 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 105,397 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 154,056 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 105,397 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables (non-financial) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 241,475 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 3,464,157 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 345,221 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 519,300 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 778,729 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 54,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,179,457 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,179,457 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 112,177 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 112,177 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 2,020,396 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><sup><span style="line-height: inherit;">(*) </span></sup></span><span><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Includes balances related to interest in Venezuelan companies</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. S</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ee n</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ote</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span>35</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> to these Consolidated</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> Financial Statements.</span></span></span></p> </div> </div> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <div> </div> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">here were no transfers between l</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">evel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> during the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of financial instruments traded in active markets is based on quoted market prices at the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">reporting</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. The quoted market price used for financial assets held by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> is the current bid price. These instruments are included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">L</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">evel </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>1</span> and comprise primar</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">il</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">y corporate and sovereign debt securities.</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of financial instruments that are not traded in an active market (such as certain debt securities, certificates of deposits with original maturity of more than </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">three months</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">f</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">orward and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">nterest </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">r</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ate derivative in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">truments) is determined by using valuation techniques</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> which</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> maximiz</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">e the use</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of observable market data when</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> available and rely as little as possible on entity specific estimates. If all significant inputs required to value an instrument are observable, the instrument is included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">L</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">evel <span>2</span>.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Tenaris values its assets and liabilities included in this level using bid prices, interest rate curves, broker quotations, current exchange rates, forward rates and implied volatilities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">obtained </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">from market contributors as of the valuation date.</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">If <span>one</span> or more of the significant inputs </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> not based on observable market data, the instruments are included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">L</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">evel <span>3</span>. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris values its assets and liabilities in this level using observable market inputs and management assumptions which reflect the Company’s best estimate on how market participants would price the asset or liability at measurement date. <span><span dir="ltr">Main balances in this level include a liability related to the shares to be settled under the share buyback program recognized during the period. For more information see note <span>37</span>.</span></span></span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The following table presents the changes</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">L</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">evel <span>3</span> assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">:</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div id="t_ft_Q7IX9T1HS000000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 102px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 54,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 56,294 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; padding: 0px 0px 0px 7px; height: 17px;"> <p style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Decrease <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (47,467 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,126 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment and others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (181 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 54,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> </div> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="font-size: 8pt;"><sup>(*)</sup><span style="font-family: 'times new roman', times; font-size: 9pt;"> <span><span style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="font-size: 8pt;">For <span>2023</span>, r</span></span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-right: none; border-left: none; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; text-decoration: none; font-weight: normal; color: black;">elated to the sale of Venezuela awards. For more information see notes <span>6</span> and <span>35</span></span>.</span></span></span></span></span></span></span></p> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">C</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">. </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Fair value estimation</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Financial assets or liabilities classified at fair value through profit or loss are measured under the framework established by the IASB accounting guidance for fair value measurements and disclosures.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair values of quoted investments are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> generally</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> based on current bid prices. If the market for a financial asset is not active or no market is available, fair values are established using standard valuation techniques. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of all outstanding derivatives is determined using speci</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">fic pricing models that include</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> inputs that are observable in the market or can be derived from or corroborated by observable data.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of forward foreign exchange contracts is calculated as the net present value of the estimated future cash flows in each currency, based on observable yield curves, converted into U.S. dollars at the spot rate of the valuation date.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Borrowings are classified under </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">other financial liabilities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and measured at their amortized cost</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. Tenaris estimates that the fair value of its main financial liabilities is approxi</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">mately</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">99.8%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">99.2%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of its carrying amount </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">inc</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">luding interests accrued</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Fair values were calculated using standard valuation techniques for floating rate instruments and comparable market rates for discounting </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">cash </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">flows.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The carrying</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> amount of investments</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> valuated at amortized cos</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">t approximates its fair value.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">D. Accounting for derivative financial instruments and hedging activities</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Derivative financial instruments are initially recognized in the statement of financial position at fair value through profit and loss on each date a derivative contract is entered into and are subsequently remeasured at fair value. Specific tools are used for calculation of each instrument’s fair value and these tools are tested for consistency on a monthly basis. Market rates are used for all pricing operations. These include exchange rates, deposit rates and other discount rates matching the nature of each underlying risk. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As a general rule, Tenaris recognizes the full amount related to the change in fair value of derivative financial instruments in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Financial Results</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in the Consolidated Income Statement.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris designa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">tes certain derivatives </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">as hedges of particular risks associated with recognized assets or liabilities or highly probable forecast transactions. These transactions are classified as cash flow hedges. The effective portion of the fair value of derivatives that are designated and qualify as cash flow hedges is recognized in equity. Amounts accumulated in equity are then recognized in the income statement in the same period as the offsetting losses and gains on the hedged item. The gain or loss relating to the ineffective portion is recognized immediately in the income statement. The fair value of Tenaris’s derivative financial instruments (assets or liabilities) continues to be reflected in the statement of financial position.</span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">For transactions designated and qualifying for hedge accounting, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> documents at the inception of the transaction the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertak</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ing various hedge transactions.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris also documents its assessment on an ongoing basis, of whether the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">hedging instrument</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> are highly effective in offsetting changes in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">fair value or cash flow of hedged items.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the effective portion of designated cash flow hedges </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">which is included</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Other Reserves</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in equity </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to </span><span style="background-color: #ffffff; font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">8.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">credit</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">13.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">credit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair values of various derivative instruments used for hedging purposes </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and the movements of the hedging reserve included within </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Other Reserves</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in equity </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">are </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">disclosed in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">n</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ote</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>26</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to these Consolidated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> | |
| CY2023Q4 | ts |
Debt To Equity Ratio
DebtToEquityRatio
|
0.03 | pure |
| CY2022Q4 | ts |
Debt To Equity Ratio
DebtToEquityRatio
|
0.05 | pure |
| CY2023 | ifrs-full |
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory
DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 78px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;"> All amounts Long / (Short) in thousands of U.S. dollars </span></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Currency Exposure / Functional currency </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Argentine Peso / U.S. dollar </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (134,716 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (126,739 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Euro / U.S. dollar </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (203,608 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (42,458 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Saudi Arabian Riyal / U.S. dollar </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (181,931 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;"> (74,183 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> </tbody> </table> | |
| CY2023 | ts |
Cta Foreign Exchange Risk Currency Exposure
CTAForeignExchangeRiskCurrencyExposure
|
1100000 | usd |
| CY2022 | ts |
Cta Foreign Exchange Risk Currency Exposure
CTAForeignExchangeRiskCurrencyExposure
|
900000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Financial Instruments By Type Of Interest Rate Explanatory
DisclosureOfFinancialInstrumentsByTypeOfInterestRateExplanatory
|
<div style="line-height: 1.2;"> <div id="t_ft_HIB39DURDS00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="height: 95px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="10" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> As of December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> In thousands of U.S. dollars </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> % </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 53%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Fixed rate <sup>(*) </sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 15%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 294,946 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 51% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 15%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 497,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 5%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 68% </span></p> </td> <td style="padding: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Variable rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 288,491 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 230,873 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 32% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-size: 9pt;"><sup>(*)</sup> <span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Out of </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">the $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">294.9</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> m</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">illion fixed rate </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">borrowings,</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">271.1</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">m</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">illion are short-term</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></p> | |
| CY2023Q4 | ifrs-full |
Borrowings
Borrowings
|
583437000 | usd |
| CY2022Q4 | ifrs-full |
Borrowings
Borrowings
|
728762000 | usd |
| CY2023 | ts |
Loss On Interest Rate Risk If Market Interest Rates Were Higher
LossOnInterestRateRiskIfMarketInterestRatesWereHigher
|
6400000 | usd |
| CY2022 | ts |
Loss On Interest Rate Risk If Market Interest Rates Were Higher
LossOnInterestRateRiskIfMarketInterestRatesWereHigher
|
5300000 | usd |
| CY2021 | ifrs-full |
Information About Major Customers
InformationAboutMajorCustomers
|
No | |
| CY2022 | ifrs-full |
Information About Major Customers
InformationAboutMajorCustomers
|
No | |
| CY2023 | ifrs-full |
Information About Major Customers
InformationAboutMajorCustomers
|
No | |
| CY2021 | ifrs-full |
Percentage Of Entitys Revenue
PercentageOfEntitysRevenue
|
0.10 | pure |
| CY2022 | ifrs-full |
Percentage Of Entitys Revenue
PercentageOfEntitysRevenue
|
0.10 | pure |
| CY2023 | ifrs-full |
Percentage Of Entitys Revenue
PercentageOfEntitysRevenue
|
0.10 | pure |
| CY2023Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2480900000 | usd |
| CY2022Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2493900000 | usd |
| CY2023Q4 | ts |
Exposure Investment Grade Rated Instruments
ExposureInvestmentGradeRatedInstruments
|
0.91 | pure |
| CY2022Q4 | ts |
Exposure Investment Grade Rated Instruments
ExposureInvestmentGradeRatedInstruments
|
0.80 | pure |
| CY2023Q4 | ts |
Liquid Financial Assets Percentage
LiquidFinancialAssetsPercentage
|
0.19 | pure |
| CY2022Q4 | ts |
Liquid Financial Assets Percentage
LiquidFinancialAssetsPercentage
|
0.09 | pure |
| CY2023 | ifrs-full |
Disclosure Of Fair Value Of Financial Instruments Explanatory
DisclosureOfFairValueOfFinancialInstrumentsExplanatory
|
<div> <table cellpadding="0" cellspacing="0" style="height: 540px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVPL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>1</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>2</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>3</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 18%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2%; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,637,821 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,414,397 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 223,424 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 223,424 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,969,631 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 896,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,073,465 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt 0pt 0pt 8.7pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, <span>zero</span> coupon bonds, commercial papers) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 896,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 896,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> U.S. Sovereign Bills </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 282,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 282,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Certificates of deposits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 334,637 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 334,637 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Commercial papers </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 196,708 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 196,708 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other notes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 82,596 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 82,596 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 834,281 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> U.S. government securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 126,399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 126,399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 126,399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Non-U.S. government securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 10,943 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 10,943 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 10,943 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Corporates securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 696,939 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 696,939 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 696,939 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Mutual Fund </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 239,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 405,631 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 398,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Receivables C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 414,778 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 93,144 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 93,144 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 93,144 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables (non-financial) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 321,634 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 4,884,596 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 1,232,501 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 479,820 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 1,695,109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin: 0pt; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other liabilities C and NC (*) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;"><span style="font-weight: bold;">693,913</span></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;"><span style="font-weight: bold;">86,240</span></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;"><span style="font-weight: bold;">86,240</span></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">86,240</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">86,240</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">86,240</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other liabilities (non-financial) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">607,673</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px; text-align: right;"><span style="font-style: italic;">-</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; font-family: 'Frutiger 45 Light'; font-size: 8pt; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,107,567 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,107,567 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 134,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 134,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 1,825,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 97,390 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;">86,240</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><sup>(*)</sup> <span>Includes liability related to share buyback program. See note <span>37</span> to these Consolidated Financial Statements.</span></span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <div> </div> <div id="t_ft_I8R79O5E4G00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 487px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 13.9912%;"> <p style="margin: 0pt;"><br/></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Carrying amount </span></p> </td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td rowspan="2" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 27px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 34.3152%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Measurement Categories </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 30.9278%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> At Fair Value </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Amortized Cost </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVOCI </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> FVPL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>1</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>2</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Level <span>3</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 13.9912%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Cash and cash equivalents </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 8.9838%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,091,527 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.5729%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 668,668 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 8.24742%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.65832%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 422,859 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.36377%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 422,859 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.36377%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 7.36377%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.20913%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 438,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 196,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 182,988 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 59,308 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 242,296 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 34px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px; width: 13.9912%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt 0pt 0pt 8.7pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Fixed income (time-deposit, <span>zero</span> coupon bonds, commercial papers) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 196,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 196,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Certificates of deposits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 36,167 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 36,167 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Commercial papers </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 19,785 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 19,785 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 18px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 18px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other notes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 140,200 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 140,200 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 211,953 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 182,988 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 28,965 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 211,953 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Non-U.S. government securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 108,310 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 79,345 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 28,965 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 108,310 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Corporates securities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 103,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 103,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 103,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> Mutual Fund </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 30,343 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 30,343 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 30,343 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Other Investments Non-current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 119,902 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Bonds and other fixed income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 113,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 6,328 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Receivables C and NC (*) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 395,531 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 105,397 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 154,056 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 105,397 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48,659 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt; text-indent: 12pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Other receivables (non-financial) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> 241,475 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 3,464,157 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 345,221 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 519,300 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 778,729 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 54,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Borrowings C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Trade payables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,179,457 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 1,179,457 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Lease Liabilities C and NC </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 112,177 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 112,177 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff; width: 13.9912%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> Derivative financial instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.9838%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 9.5729%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 8.24742%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.65832%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 7.36377%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: italic; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 2.20913%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 13.9912%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.9838%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.5729%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 2,020,396 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.24742%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.65832%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> 7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 7.36377%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.20913%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'times new roman', times; font-size: 9pt;"><sup><span style="line-height: inherit;">(*) </span></sup></span><span><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Includes balances related to interest in Venezuelan companies</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. S</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ee n</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ote</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span>35</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> to these Consolidated</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> Financial Statements.</span></span></span></p> </div> | |
| CY2023Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1637821000 | usd |
| CY2023Q4 | ifrs-full |
Current Investments
CurrentInvestments
|
1969631000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Investments Other Than Investments Accounted For Using Equity Method
NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
405631000 | usd |
| CY2023Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2480889000 | usd |
| CY2023Q4 | ifrs-full |
Other Receivables
OtherReceivables
|
414778000 | usd |
| CY2023Q4 | ifrs-full |
Borrowings
Borrowings
|
583437000 | usd |
| CY2023Q4 | ifrs-full |
Other Liabilities
OtherLiabilities
|
693913000 | usd |
| CY2023Q4 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
1107567000 | usd |
| CY2023Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
134433000 | usd |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1091527000 | usd |
| CY2022Q4 | ifrs-full |
Current Investments
CurrentInvestments
|
438448000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Investments Other Than Investments Accounted For Using Equity Method
NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
119902000 | usd |
| CY2022Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2493940000 | usd |
| CY2022Q4 | ifrs-full |
Other Receivables
OtherReceivables
|
395531000 | usd |
| CY2022Q4 | ifrs-full |
Borrowings
Borrowings
|
728762000 | usd |
| CY2022Q4 | ifrs-full |
Trade And Other Current Payables
TradeAndOtherCurrentPayables
|
1179457000 | usd |
| CY2022Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
112177000 | usd |
| CY2023 | ts |
Minimum Maturity Period Of Certificates Of Deposits
MinimumMaturityPeriodOfCertificatesOfDeposits
|
P3M | |
| CY2023 | ifrs-full |
Disclosure Of Fair Value Measurement Explanatory
DisclosureOfFairValueMeasurementExplanatory
|
<div style="border-left: none; border-right: none;"> <div id="t_ft_Q7IX9T1HS000000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 102px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 54,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 56,294 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; padding: 0px 0px 0px 7px; height: 17px;"> <p style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Decrease <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (47,467 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,126 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment and others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (181 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; line-height: inherit;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 54,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> </div> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="font-size: 8pt;"><sup>(*)</sup><span style="font-family: 'times new roman', times; font-size: 9pt;"> <span><span style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="font-size: 8pt;">For <span>2023</span>, r</span></span><span style="color: #000000; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-right: none; border-left: none; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; text-decoration: none; font-weight: normal; color: black;">elated to the sale of Venezuela awards. For more information see notes <span>6</span> and <span>35</span></span>.</span></span></span></span></span></span></span></p> | |
| CY2023Q4 | ts |
Financial Liabilities Fair Value As A Percentage Of Carrying Value
FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue
|
0.998 | pure |
| CY2022Q4 | ts |
Financial Liabilities Fair Value As A Percentage Of Carrying Value
FinancialLiabilitiesFairValueAsAPercentageOfCarryingValue
|
0.992 | pure |
| CY2023Q4 | ifrs-full |
Reserve Of Cash Flow Hedges Continuing Hedges
ReserveOfCashFlowHedgesContinuingHedges
|
8100000 | usd |
| CY2022Q4 | ifrs-full |
Reserve Of Cash Flow Hedges Continuing Hedges
ReserveOfCashFlowHedgesContinuingHedges
|
13100000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Entitys Reportable Segments Explanatory
DisclosureOfEntitysReportableSegmentsExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span>1</span></span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Segment information</span></p> <p style="line-height: 8pt; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As mentioned in sectio</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n II.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">egment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">nformation is disclosed as follow</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <p style="margin: 0pt; text-align: justify;"><br/></p> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Reportable operating segments</span></p> <p style="margin: 0pt; text-align: justify;"><br/></p> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt;">(All amounts in millions of U.S. dollars</span><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt;">) </span></p> <p style="margin: 0pt; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 204px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Tubes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Management view - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,337 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 129 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,466 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Difference in cost of sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (134 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in selling, general and administrative expenses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in other operating income (expenses), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (9 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> IFRS - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,316 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Financial income (expense), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 221 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before equity in earnings of non-consolidated companies and income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,537 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 95 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,633 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Net Sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 14,185 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 684 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 14,869 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 518 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 31 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 549 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; text-align: justify;"><br/></p> <div id="t_ft_7OPW9RNHNK00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100.04%; text-indent: 0px; height: 238px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Tubes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 65%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Management view - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,772 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 75 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,847 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Difference in cost of sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 44 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in selling, general and administrative expenses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in other operating income (expenses), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 74 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> IFRS - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,963 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Financial income (expense), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (6 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before equity in earnings of non-consolidated companies and income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,957 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 209 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Net Sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 11,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 630 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 11,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 588 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 20 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 608 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> </div> <p style="margin: 0pt; text-align: justify;"><br/></p> <div id="t_ft_EVIUJKWQLS00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 65%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Tubes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Management view - operating income</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 178 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 65 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 243 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Difference in cost of sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 473 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-align: left; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in other operating income (expenses), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (8 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-align: left; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> IFRS - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 707 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Financial income (expense), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 23 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before equity in earnings of non-consolidated companies and income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 730 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 513 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,243 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Net Sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 5,994 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 528 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 6,521 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 575 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 20 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 595 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"></td> </tr> </tbody> </table> </div> <p style="line-height: 12pt; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Transactions between segments, which were eliminated in consolidation,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> are</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">mainly related to</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> sales of scrap</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, energy, surplus raw materials and others</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> from the Other segment to the Tubes segment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">98.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">77.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">45.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, respectively. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">There are no material differences between IFRS and management view in total revenues and by reportable segments.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The differences between operating income under IFRS view and the management view are mainly related to the cost of goods sold, reflecting the effect of raw materials prices increases on the valuation of the replacement cost considered for management view compared to IFRS cost calculated at historical cost on a FIFO basis, and other</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> minor</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> timing differences.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The main difference in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other operating income (expenses)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">, net</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">for the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ended </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">December 31</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>2022</span>, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is attributable to t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he effect of the reclassification of the currency translation adjustment reserve related to NKK Tubes’ definitive cease of operations, not impacting the management view.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In addition to the amounts reconciled above, t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he main differences in net income arise from the impact of functional currencies on financial result, deferred income taxes as well as the result of investment in non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Geographical information</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 423px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> North America </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> South America </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Europe </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; font-weight: bold; line-height: inherit;">Asia Pacific, Middle East and Africa <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: 'Frutiger 45 Light'; font-weight: bold;">Unallocated <span style="font-size: 8pt;"><sup>(**)</sup></span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,765,130 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,382,495 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,175,581 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,545,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,868,860 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,210,620 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,751,121 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,839,378 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,671,972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,608,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,081,895 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 15px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade receivables, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,222,635 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 447,379 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 278,077 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 532,798 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Property, plant and equipment, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,676,352 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,143,752 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 794,242 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 463,833 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,078,179 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Capital expenditures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 214,932 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 246,061 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 119,820 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,632 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 619,445 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 307,139 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 115,156 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 74,862 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 51,353 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 548,510 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,902,787 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,550,402 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,000,833 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,308,504 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,762,526 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,018,386 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,896,403 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,071,624 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,023,187 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,540,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 17,550,246 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade receivables, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,371,717 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 583,223 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 202,753 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 336,247 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Property, plant and equipment, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,548,844 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,031,423 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 706,539 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 269,457 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,556,263 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Capital expenditures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 118,644 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 176,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 62,143 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,211 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 378,446 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 348,550 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 125,324 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,631 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 57,218 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 607,723 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,360,345 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,311,279 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 742,463 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,107,120 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,521,207 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,992,946 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,399,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,727,573 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 945,690 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,383,774 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,449,431 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade receivables, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 652,483 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 234,800 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 180,515 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 231,274 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,299,072 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Property, plant and equipment, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,805,912 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 984,413 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 742,461 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 292,015 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,824,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Capital expenditures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 106,118 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 63,723 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 43,344 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 26,333 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 239,518 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 307,116 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 125,781 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 89,667 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 72,157 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 594,721 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify; font-size: 9pt;"><sup><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super;">(*) </span></sup><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light';">Starting on January 1, 2023, Asia Pacific</span><span style="font-family: 'Frutiger 45 Light';"> and</span><span style="font-family: 'Frutiger 45 Light';"> Middle East and Africa segments were merged in a single geographical segment.</span></span></span></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify; font-size: 9pt;"><sup><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super;">(**)</span></sup><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light';">For </span><span style="font-family: 'Frutiger 45 Light';"><span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="font-family: 'Frutiger 45 Light';">, </span><span style="font-family: 'Frutiger 45 Light';"><span>20</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"><span>1</span></span><span style="font-family: 'Frutiger 45 Light';"> includes </span><span style="font-family: 'Frutiger 45 Light'; font-style: italic;">Investment</span><span style="font-family: 'Frutiger 45 Light'; font-style: italic;">s in non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light';">. </span><span style="font-family: 'Frutiger 45 Light';">See n</span><span style="font-family: 'Frutiger 45 Light';">ote </span><span style="font-family: 'Frutiger 45 Light';"><span>14</span></span><span style="font-family: 'Frutiger 45 Light';"> t</span><span style="font-family: 'Frutiger 45 Light';">o these Consolidated</span><span style="font-family: 'Frutiger 45 Light';"> Financial Statements</span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">There are no revenues from external customers attributable to the Company’s country of incorporation (Luxembourg). </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The principal countries from which the C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ompany derives its </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">revenues are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> USA</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">39%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Argentina</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">15%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Mexico, Canada, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Saudi Arabia</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Brazil</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Revenue is mainly recognized at a point in time to direct customers, when control has been transferred and there is no unfulfilled performance obligation that could affect the acceptance of the product by the customer. Revenues related to governmental institutions represent </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">26%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">22%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">23%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> respectively.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tubes segment revenues by market:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(All amounts in millions of U.S. dollars)</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 68px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Revenues Tubes </span></p> </td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; margin-left: 0.1px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 65%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Oil & gas </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,488 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,543 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,895 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Oil & gas processing plants </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 818 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 738 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 14px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Industrial, power and others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 879 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 852 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 640 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 14,185 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 11,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 5,994 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">At </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">December </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">31, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, the Company recognized contract liabilities related to customer</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> advances in the amount of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">263.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">242.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">92.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million, respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Each of t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">se</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> amounts </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re reclassified to revenues during the subsequent year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. In these periods, no significant adjustment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in revenues were performed related to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">previously satisfied </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">performance obligations.</span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Operating Segments Explanatory
DisclosureOfOperatingSegmentsExplanatory
|
<table cellpadding="0" cellspacing="0" style="height: 204px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Tubes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Management view - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,337 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 129 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,466 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); width: 1%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Difference in cost of sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (134 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in selling, general and administrative expenses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in other operating income (expenses), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (9 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: left; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> IFRS - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,316 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Financial income (expense), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 221 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before equity in earnings of non-consolidated companies and income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,537 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 95 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,633 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: rgb(0, 0, 0) !important; border-bottom-color: rgb(0, 0, 0) !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Net Sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 14,185 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 684 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 14,869 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 518 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 31 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 549 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: rgb(204, 238, 255); margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; text-align: justify;"><br/></p> <div id="t_ft_7OPW9RNHNK00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100.04%; text-indent: 0px; height: 238px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Tubes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 65%; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Management view - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,772 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 75 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,847 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Difference in cost of sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 44 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in selling, general and administrative expenses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in other operating income (expenses), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 74 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> IFRS - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,963 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Financial income (expense), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (6 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before equity in earnings of non-consolidated companies and income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,957 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 209 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Net Sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 11,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 630 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 11,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 588 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 20 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 608 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> </div> <p style="margin: 0pt; text-align: justify;"><br/></p> <div id="t_ft_EVIUJKWQLS00000000000000000000b"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 65%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Tubes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 1%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Management view - operating income</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 178 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 65 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 243 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Difference in cost of sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 473 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-align: left; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Differences in other operating income (expenses), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (8 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-align: left; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> IFRS - operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 707 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Financial income (expense), net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 23 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before equity in earnings of non-consolidated companies and income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 730 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 513 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income before income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,243 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Net Sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 5,994 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 528 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 6,521 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 575 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> 20 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> 595 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"></td> </tr> </tbody> </table> </div> | |
| CY2023 | ifrs-full |
Disclosure Of Geographical Areas Explanatory
DisclosureOfGeographicalAreasExplanatory
|
<table cellpadding="0" cellspacing="0" style="height: 423px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 34px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> North America </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> South America </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Europe </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-size: 10pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; font-weight: bold; line-height: inherit;">Asia Pacific, Middle East and Africa <span style="font-size: 8pt; line-height: inherit;"><sup>(*)</sup></span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 10pt;"><span style="font-family: 'Frutiger 45 Light'; font-weight: bold;">Unallocated <span style="font-size: 8pt;"><sup>(**)</sup></span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,765,130 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,382,495 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,175,581 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,545,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,868,860 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,210,620 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,751,121 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,839,378 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,671,972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,608,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,081,895 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 15px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade receivables, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,222,635 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 447,379 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 278,077 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 532,798 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 15px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Property, plant and equipment, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,676,352 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,143,752 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 794,242 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 463,833 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,078,179 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Capital expenditures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 214,932 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 246,061 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 119,820 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,632 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 619,445 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 307,139 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 115,156 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 74,862 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 51,353 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 548,510 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,902,787 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,550,402 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,000,833 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,308,504 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,762,526 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,018,386 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,896,403 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,071,624 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,023,187 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,540,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 17,550,246 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade receivables, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,371,717 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 583,223 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 202,753 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 336,247 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Property, plant and equipment, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,548,844 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,031,423 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 706,539 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 269,457 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,556,263 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Capital expenditures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 118,644 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 176,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 62,143 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,211 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 378,446 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 348,550 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 125,324 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,631 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 57,218 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 607,723 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2021 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,360,345 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,311,279 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 742,463 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,107,120 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,521,207 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,992,946 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,399,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,727,573 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 945,690 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,383,774 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,449,431 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade receivables, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 652,483 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 234,800 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 180,515 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 231,274 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,299,072 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Property, plant and equipment, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,805,912 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 984,413 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 742,461 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 292,015 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,824,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Capital expenditures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 106,118 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 63,723 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 43,344 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 26,333 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 239,518 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation and amortization </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 307,116 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 125,781 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 89,667 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 72,157 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 594,721 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify; font-size: 9pt;"><sup><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super;">(*) </span></sup><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light';">Starting on January 1, 2023, Asia Pacific</span><span style="font-family: 'Frutiger 45 Light';"> and</span><span style="font-family: 'Frutiger 45 Light';"> Middle East and Africa segments were merged in a single geographical segment.</span></span></span></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify; font-size: 9pt;"><sup><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super;">(**)</span></sup><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light';">For </span><span style="font-family: 'Frutiger 45 Light';"><span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="font-family: 'Frutiger 45 Light';">, </span><span style="font-family: 'Frutiger 45 Light';"><span>20</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"><span>1</span></span><span style="font-family: 'Frutiger 45 Light';"> includes </span><span style="font-family: 'Frutiger 45 Light'; font-style: italic;">Investment</span><span style="font-family: 'Frutiger 45 Light'; font-style: italic;">s in non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light';">. </span><span style="font-family: 'Frutiger 45 Light';">See n</span><span style="font-family: 'Frutiger 45 Light';">ote </span><span style="font-family: 'Frutiger 45 Light';"><span>14</span></span><span style="font-family: 'Frutiger 45 Light';"> t</span><span style="font-family: 'Frutiger 45 Light';">o these Consolidated</span><span style="font-family: 'Frutiger 45 Light';"> Financial Statements</span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></p> | |
| CY2023 | ifrs-full |
Revenue
Revenue
|
14868860000 | usd |
| CY2023Q4 | ifrs-full |
Assets
Assets
|
21081895000 | usd |
| CY2023Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2480889000 | usd |
| CY2023Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
6078179000 | usd |
| CY2023 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
619445000 | usd |
| CY2023 | ifrs-full |
Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
|
548510000 | usd |
| CY2022 | ifrs-full |
Revenue
Revenue
|
11762526000 | usd |
| CY2022Q4 | ifrs-full |
Assets
Assets
|
17550246000 | usd |
| CY2022Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2493940000 | usd |
| CY2022Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
5556263000 | usd |
| CY2022 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
378446000 | usd |
| CY2022 | ifrs-full |
Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
|
607723000 | usd |
| CY2021 | ifrs-full |
Revenue
Revenue
|
6521207000 | usd |
| CY2021Q4 | ifrs-full |
Assets
Assets
|
14449431000 | usd |
| CY2021Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
1299072000 | usd |
| CY2021Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
5824801000 | usd |
| CY2021 | ifrs-full |
Purchase Of Property Plant And Equipment Intangible Assets Other Than Goodwill Investment Property And Other Noncurrent Assets
PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets
|
239518000 | usd |
| CY2021 | ifrs-full |
Depreciation And Amortisation Expense
DepreciationAndAmortisationExpense
|
594721000 | usd |
| CY2023Q4 | ifrs-full |
Contract Liabilities
ContractLiabilities
|
263700000 | usd |
| CY2022Q4 | ifrs-full |
Contract Liabilities
ContractLiabilities
|
242900000 | usd |
| CY2021Q4 | ifrs-full |
Contract Liabilities
ContractLiabilities
|
92400000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Cost Of Sales Explanatory
DisclosureOfCostOfSalesExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">2</span></span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Cost of sales</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 302px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> </td> <td colspan="7" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 65%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Inventories at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,986,929 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,672,593 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,636,673 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase in inventory due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 107,588 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Decrease in inventory due to sale of subsidiaries </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (10,662</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Plus: Charges of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Raw materials, energy, consumables and other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,277,507 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,772,031 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,841,551 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Services and fees </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 437,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 293,490 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 208,472 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Labor cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,403,546 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,160,085 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 824,071 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation of property, plant and equipment</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 424,373 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 465,849 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 448,843 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Amortization of intangible assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,582 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,754 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,645 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation of right-of-use assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 30,352 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 33,244 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 35,910 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Maintenance expenses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 408,410 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 267,294 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 129,350 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Allowance for obsolescence</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,581 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 24,901 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 23,296 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Taxes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 272,120 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 194,736 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 40,887 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 216,220 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 178,691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 98,159 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,603,083 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,402,075 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 5,647,522 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Less: Inventories at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (3,921,097 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (3,986,929 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px; font-family: 'Frutiger 45 Light';"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (2,672,593 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,668,915 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 7,087,739 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,611,602 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><sup><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; font-size: 8pt;">(*) </span></sup><span><span style="font-family: 'Frutiger 45 Light';">Related </span><span style="font-family: 'Frutiger 45 Light';">to the GPC, </span><span style="font-family: 'Frutiger 45 Light';">Isoplus</span><span style="font-family: 'Frutiger 45 Light';"> anticorrosion coating division</span> <span style="font-family: 'Frutiger 45 Light';">and Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light';">. For more information see note </span><span style="font-family: 'Frutiger 45 Light';"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></p> </div> | |
| CY2022Q4 | ts |
Inventories Including Discontinued Operations
InventoriesIncludingDiscontinuedOperations
|
3986929000 | usd |
| CY2021Q4 | ts |
Inventories Including Discontinued Operations
InventoriesIncludingDiscontinuedOperations
|
2672593000 | usd |
| CY2020Q4 | ts |
Inventories Including Discontinued Operations
InventoriesIncludingDiscontinuedOperations
|
1636673000 | usd |
| CY2023 | ts |
Increase In Inventory Due To Business Combinations
IncreaseInInventoryDueToBusinessCombinations
|
107588000 | usd |
| CY2022 | ts |
Increase In Inventory Due To Business Combinations
IncreaseInInventoryDueToBusinessCombinations
|
usd | |
| CY2021 | ts |
Increase In Inventory Due To Business Combinations
IncreaseInInventoryDueToBusinessCombinations
|
usd | |
| CY2023 | ts |
Decrease In Inventory Due To Sale Of Subsidiaries
DecreaseInInventoryDueToSaleOfSubsidiaries
|
usd | |
| CY2022 | ts |
Decrease In Inventory Due To Sale Of Subsidiaries
DecreaseInInventoryDueToSaleOfSubsidiaries
|
usd | |
| CY2021 | ts |
Decrease In Inventory Due To Sale Of Subsidiaries
DecreaseInInventoryDueToSaleOfSubsidiaries
|
10662000 | usd |
| CY2023 | ts |
Cost Of Sales Raw Materials Energy Consumables And Other
CostOfSalesRawMaterialsEnergyConsumablesAndOther
|
5277507000 | usd |
| CY2022 | ts |
Cost Of Sales Raw Materials Energy Consumables And Other
CostOfSalesRawMaterialsEnergyConsumablesAndOther
|
5772031000 | usd |
| CY2021 | ts |
Cost Of Sales Raw Materials Energy Consumables And Other
CostOfSalesRawMaterialsEnergyConsumablesAndOther
|
3841551000 | usd |
| CY2023 | ts |
Cost Of Sales Services And Fees
CostOfSalesServicesAndFees
|
437804000 | usd |
| CY2022 | ts |
Cost Of Sales Services And Fees
CostOfSalesServicesAndFees
|
293490000 | usd |
| CY2021 | ts |
Cost Of Sales Services And Fees
CostOfSalesServicesAndFees
|
208472000 | usd |
| CY2023 | ts |
Cost Of Sales Labor Cost
CostOfSalesLaborCost
|
1403546000 | usd |
| CY2022 | ts |
Cost Of Sales Labor Cost
CostOfSalesLaborCost
|
1160085000 | usd |
| CY2021 | ts |
Cost Of Sales Labor Cost
CostOfSalesLaborCost
|
824071000 | usd |
| CY2023 | ts |
Cost Of Sales Depreciation Of Property Plant And Equipment
CostOfSalesDepreciationOfPropertyPlantAndEquipment
|
424373000 | usd |
| CY2022 | ts |
Cost Of Sales Depreciation Of Property Plant And Equipment
CostOfSalesDepreciationOfPropertyPlantAndEquipment
|
465849000 | usd |
| CY2021 | ts |
Cost Of Sales Depreciation Of Property Plant And Equipment
CostOfSalesDepreciationOfPropertyPlantAndEquipment
|
448843000 | usd |
| CY2023 | ts |
Cost Of Sales Amortization Of Intangible Assets
CostOfSalesAmortizationOfIntangibleAssets
|
11582000 | usd |
| CY2022 | ts |
Cost Of Sales Amortization Of Intangible Assets
CostOfSalesAmortizationOfIntangibleAssets
|
11754000 | usd |
| CY2021 | ts |
Cost Of Sales Amortization Of Intangible Assets
CostOfSalesAmortizationOfIntangibleAssets
|
7645000 | usd |
| CY2023 | ts |
Cost Of Sales Depreciation Of Right Of Use Assets
CostOfSalesDepreciationOfRightOfUseAssets
|
30352000 | usd |
| CY2022 | ts |
Cost Of Sales Depreciation Of Right Of Use Assets
CostOfSalesDepreciationOfRightOfUseAssets
|
33244000 | usd |
| CY2021 | ts |
Cost Of Sales Depreciation Of Right Of Use Assets
CostOfSalesDepreciationOfRightOfUseAssets
|
35910000 | usd |
| CY2023 | ts |
Cost Of Sales Maintenance Expenses
CostOfSalesMaintenanceExpenses
|
408410000 | usd |
| CY2022 | ts |
Cost Of Sales Maintenance Expenses
CostOfSalesMaintenanceExpenses
|
267294000 | usd |
| CY2021 | ts |
Cost Of Sales Maintenance Expenses
CostOfSalesMaintenanceExpenses
|
129350000 | usd |
| CY2023 | ts |
Cost Of Sales Allowance For Obsolescence
CostOfSalesAllowanceForObsolescence
|
13581000 | usd |
| CY2022 | ts |
Cost Of Sales Allowance For Obsolescence
CostOfSalesAllowanceForObsolescence
|
24901000 | usd |
| CY2021 | ts |
Cost Of Sales Allowance For Obsolescence
CostOfSalesAllowanceForObsolescence
|
23296000 | usd |
| CY2023 | ts |
Cost Of Sales Taxes
CostOfSalesTaxes
|
272120000 | usd |
| CY2022 | ts |
Cost Of Sales Taxes
CostOfSalesTaxes
|
194736000 | usd |
| CY2021 | ts |
Cost Of Sales Taxes
CostOfSalesTaxes
|
40887000 | usd |
| CY2023 | ts |
Cost Of Sales Other
CostOfSalesOther
|
216220000 | usd |
| CY2022 | ts |
Cost Of Sales Other
CostOfSalesOther
|
178691000 | usd |
| CY2021 | ts |
Cost Of Sales Other
CostOfSalesOther
|
98159000 | usd |
| CY2023 | ts |
Cost Of Sales Including Discontinued Operations
CostOfSalesIncludingDiscontinuedOperations
|
8603083000 | usd |
| CY2022 | ts |
Cost Of Sales Including Discontinued Operations
CostOfSalesIncludingDiscontinuedOperations
|
8402075000 | usd |
| CY2021 | ts |
Cost Of Sales Including Discontinued Operations
CostOfSalesIncludingDiscontinuedOperations
|
5647522000 | usd |
| CY2023Q4 | ts |
Inventories Including Discontinued Operations
InventoriesIncludingDiscontinuedOperations
|
3921097000 | usd |
| CY2022Q4 | ts |
Inventories Including Discontinued Operations
InventoriesIncludingDiscontinuedOperations
|
3986929000 | usd |
| CY2021Q4 | ts |
Inventories Including Discontinued Operations
InventoriesIncludingDiscontinuedOperations
|
2672593000 | usd |
| CY2023 | ifrs-full |
Cost Of Sales
CostOfSales
|
8668915000 | usd |
| CY2022 | ifrs-full |
Cost Of Sales
CostOfSales
|
7087739000 | usd |
| CY2021 | ifrs-full |
Cost Of Sales
CostOfSales
|
4611602000 | usd |
| CY2023 | ifrs-full |
Disclosure Of General And Administrative Expense Explanatory
DisclosureOfGeneralAndAdministrativeExpenseExplanatory
|
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">3</span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Selling, general and administrative expense</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">s</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 207px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><br/></p> </td> <td colspan="7" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 65%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Services and fees </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 163,723 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 148,331 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 115,303 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Labor cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 652,820 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 518,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 426,414 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation of property, plant and equipment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,517 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,883 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 22,924 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Amortization of intangible assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 40,761 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 59,018 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 63,874 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation of right-of-use assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 19,925 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,975 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,525 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Freights and other selling expenses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 696,705 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 641,812 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 415,895 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Provisions for contingencies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,899 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,606 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 24,998 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Allowances for doubtful accounts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,590 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (223</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4,297</span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Taxes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 170,484 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 121,410 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 78,800 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 110,883 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 87,263 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 47,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,919,307 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,634,575 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,206,569 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> | |
| CY2023 | ts |
Selling General And Administrative Expenses Services And Fees
SellingGeneralAndAdministrativeExpensesServicesAndFees
|
163723000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Services And Fees
SellingGeneralAndAdministrativeExpensesServicesAndFees
|
148331000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Services And Fees
SellingGeneralAndAdministrativeExpensesServicesAndFees
|
115303000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Labor Cost
SellingGeneralAndAdministrativeExpensesLaborCost
|
652820000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Labor Cost
SellingGeneralAndAdministrativeExpensesLaborCost
|
518500000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Labor Cost
SellingGeneralAndAdministrativeExpensesLaborCost
|
426414000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Depreciation Of Property Plant And Equipment
SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment
|
21517000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Depreciation Of Property Plant And Equipment
SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment
|
21883000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Depreciation Of Property Plant And Equipment
SellingGeneralAndAdministrativeExpensesDepreciationOfPropertyPlantAndEquipment
|
22924000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Amortization Of Intangible Assets
SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets
|
40761000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Amortization Of Intangible Assets
SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets
|
59018000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Amortization Of Intangible Assets
SellingGeneralAndAdministrativeExpensesAmortizationOfIntangibleAssets
|
63874000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Depreciation Of Rightofuse Assets
SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets
|
19925000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Depreciation Of Rightofuse Assets
SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets
|
15975000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Depreciation Of Rightofuse Assets
SellingGeneralAndAdministrativeExpensesDepreciationOfRightofuseAssets
|
15525000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Commissions Freight And Other Selling Expenses
SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses
|
696705000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Commissions Freight And Other Selling Expenses
SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses
|
641812000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Commissions Freight And Other Selling Expenses
SellingGeneralAndAdministrativeExpensesCommissionsFreightAndOtherSellingExpenses
|
415895000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Provisions For Contingencies
SellingGeneralAndAdministrativeExpensesProvisionsForContingencies
|
38899000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Provisions For Contingencies
SellingGeneralAndAdministrativeExpensesProvisionsForContingencies
|
20606000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Provisions For Contingencies
SellingGeneralAndAdministrativeExpensesProvisionsForContingencies
|
24998000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Allowances For Doubtful Accounts
SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts
|
3590000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Allowances For Doubtful Accounts
SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts
|
-223000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Allowances For Doubtful Accounts
SellingGeneralAndAdministrativeExpensesAllowancesForDoubtfulAccounts
|
-4297000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Taxes
SellingGeneralAndAdministrativeExpensesTaxes
|
170484000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Taxes
SellingGeneralAndAdministrativeExpensesTaxes
|
121410000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Taxes
SellingGeneralAndAdministrativeExpensesTaxes
|
78800000 | usd |
| CY2023 | ts |
Selling General And Administrative Expenses Other
SellingGeneralAndAdministrativeExpensesOther
|
110883000 | usd |
| CY2022 | ts |
Selling General And Administrative Expenses Other
SellingGeneralAndAdministrativeExpensesOther
|
87263000 | usd |
| CY2021 | ts |
Selling General And Administrative Expenses Other
SellingGeneralAndAdministrativeExpensesOther
|
47133000 | usd |
| CY2023 | ifrs-full |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1919307000 | usd |
| CY2022 | ifrs-full |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1634575000 | usd |
| CY2021 | ifrs-full |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
1206569000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Employee Benefits Explanatory
DisclosureOfEmployeeBenefitsExplanatory
|
<p style="margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">4 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Labor costs (included in Cost of sales and in Selling, general and administrative expenses)</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <table cellpadding="0" cellspacing="0" style="height: 136px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 65%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Wages, salaries and social security costs </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,943,825 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,594,200 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,170,562 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Severance indemnities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 26,470 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 29,070 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 28,625 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Post-employment benefits - defined contribution plans </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,055 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,256 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,608 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Post-employment benefits - defined benefit plans </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 19,452 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 16,320 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,353 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Employee retention and long-term incentive program </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 51,564 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 25,739 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 25,337 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,056,366 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,678,585 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,250,485 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt;"><br/></p> <div> <div style="border-left: none; border-right: none;"> </div> </div> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The following table shows the geographical distribution of the employees</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 221px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt;padding-right: 5.4pt;vertical-align: middle;height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 65%; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Mexico </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,919 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,474 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Argentina </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,267 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,444 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,169 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> USA </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,882 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,509 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,684 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Italy </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,187 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,136 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,011 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Romania </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,884 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,847 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,725 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Indonesia </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,573 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 495 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Brazil </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,492 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,460 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,817 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Canada </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,195 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 944 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 758 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Colombia </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,112 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,183 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,009 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Saudi Arabia </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 849 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 427 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 408 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,193 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 928 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,215 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 29,134 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 25,292 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 22,776 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> | |
| CY2023 | ifrs-full |
Shortterm Employee Benefits Expense
ShorttermEmployeeBenefitsExpense
|
1943825000 | usd |
| CY2022 | ifrs-full |
Shortterm Employee Benefits Expense
ShorttermEmployeeBenefitsExpense
|
1594200000 | usd |
| CY2021 | ifrs-full |
Shortterm Employee Benefits Expense
ShorttermEmployeeBenefitsExpense
|
1170562000 | usd |
| CY2023 | ifrs-full |
Termination Benefits Expense
TerminationBenefitsExpense
|
26470000 | usd |
| CY2022 | ifrs-full |
Termination Benefits Expense
TerminationBenefitsExpense
|
29070000 | usd |
| CY2021 | ifrs-full |
Termination Benefits Expense
TerminationBenefitsExpense
|
28625000 | usd |
| CY2023 | ifrs-full |
Postemployment Benefit Expense Defined Contribution Plans
PostemploymentBenefitExpenseDefinedContributionPlans
|
15055000 | usd |
| CY2022 | ifrs-full |
Postemployment Benefit Expense Defined Contribution Plans
PostemploymentBenefitExpenseDefinedContributionPlans
|
13256000 | usd |
| CY2021 | ifrs-full |
Postemployment Benefit Expense Defined Contribution Plans
PostemploymentBenefitExpenseDefinedContributionPlans
|
12608000 | usd |
| CY2023 | ifrs-full |
Postemployment Benefit Expense Defined Benefit Plans
PostemploymentBenefitExpenseDefinedBenefitPlans
|
19452000 | usd |
| CY2022 | ifrs-full |
Postemployment Benefit Expense Defined Benefit Plans
PostemploymentBenefitExpenseDefinedBenefitPlans
|
16320000 | usd |
| CY2021 | ifrs-full |
Postemployment Benefit Expense Defined Benefit Plans
PostemploymentBenefitExpenseDefinedBenefitPlans
|
13353000 | usd |
| CY2023 | ts |
Employee Retention And Long Term Incentive Program Expenses
EmployeeRetentionAndLongTermIncentiveProgramExpenses
|
51564000 | usd |
| CY2022 | ts |
Employee Retention And Long Term Incentive Program Expenses
EmployeeRetentionAndLongTermIncentiveProgramExpenses
|
25739000 | usd |
| CY2021 | ts |
Employee Retention And Long Term Incentive Program Expenses
EmployeeRetentionAndLongTermIncentiveProgramExpenses
|
25337000 | usd |
| CY2023 | ifrs-full |
Employee Benefits Expense
EmployeeBenefitsExpense
|
2056366000 | usd |
| CY2022 | ifrs-full |
Employee Benefits Expense
EmployeeBenefitsExpense
|
1678585000 | usd |
| CY2021 | ifrs-full |
Employee Benefits Expense
EmployeeBenefitsExpense
|
1250485000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Information About Employees Explanatory
DisclosureOfInformationAboutEmployeesExplanatory
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 221px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt;padding-right: 5.4pt;vertical-align: middle;height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px;padding-right: 0px;vertical-align: middle;margin: 0px;text-indent: 0px;height: 17px;border-top-width: 1px;border-top-style: solid;border-top-color: #000000 !important;border-bottom-width: 1px;border-bottom-style: solid;border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 65%; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Mexico </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,919 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,474 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Argentina </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,267 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,444 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,169 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> USA </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,882 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,509 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,684 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Italy </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,187 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,136 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,011 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Romania </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,884 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,847 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,725 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Indonesia </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,573 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 495 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Brazil </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,492 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,460 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,817 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Canada </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,195 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 944 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 758 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Colombia </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,112 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,183 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,009 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Saudi Arabia </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 849 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 427 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 408 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,193 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 928 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,215 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 29,134 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 25,292 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 22,776 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> | |
| CY2023Q4 | ifrs-full |
Number Of Employees
NumberOfEmployees
|
29134 | employees |
| CY2022Q4 | ifrs-full |
Number Of Employees
NumberOfEmployees
|
25292 | employees |
| CY2021Q4 | ifrs-full |
Number Of Employees
NumberOfEmployees
|
22776 | employees |
| CY2023 | ifrs-full |
Disclosure Of Impairment Of Assets Explanatory
DisclosureOfImpairmentOfAssetsExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">5 </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Impairment charge</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Tenaris’s main source of revenue is the sale of products and services to the oil and gas industry, and the level of such sales is sensitive to international oil and gas prices and their impact on drilling activities.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The Company conducts regular assessments of the carrying values of its assets. The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">recoverable </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">value</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s based on the value </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">use. The main key assumptions used in estimating the value in use are discount ra</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">te, growth rate and competitive,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> economic </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and regulatory </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">factors applied to determine cash flow projections, such as oil and gas prices, average number of active oil and gas drilling rigs (rig count) and raw material costs.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For purposes of assessing key assumptions, to estimate discounted future cash flows, the Company uses external sources of information and management judgment based on past experience</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and expectations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Management has determined the value of each of the key assumptions as follows:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Discount rate: based on the applicable weighted average cost of capital (“WACC”), which is considered to be a good indicator of capital cost, taking into account the industry, country and size of the business. For each CGU where assets are allocated, a specific WACC was determined.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Growth rate: considers mainly the inflation impact on prices and costs, the long-term </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">evolution</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the oil and gas industry, the higher demand to offset depletion of existing fields and the Company’s expected market penetration. In <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, a nominal growth rate of 2% was considered.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Oil and gas prices: based on industry analysts’ reports and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">management’s expectations of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> market development</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Rig count: based on information published by Baker Hughes and management’s expectations.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">- Raw material costs: based on industry analysts’ reports and management’s expectations.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Considering that</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> recoverable amount of the cash-generating units</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> obtained in prior year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">'</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> tests</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> that</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the assets and liabilities making up those units have not changed significantly, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">nor</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the key assumptions mentioned above, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the Company </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">concluded that impairment tests for previous years are still valid as of the end of the reporting period</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> In addition, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ompany has considered the impact of updating the main discount rates, applying rates in a range between 12.5% and 21.4%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> for the CGUs under analysis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. Based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the facts </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">mentioned above, the Company conclude</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">d</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> that no impairment charge shall be recognized </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">for the year <span>2023</span>.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In December 2022, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in the presence of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">impairment indicator</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s, the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ompany conducted impairment tests</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and reviewed </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the values </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">certain idle assets in its subsidiaries. The aforementioned analysis resulted </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">impairment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> charge</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">76.7 </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">allocated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> in $63.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million to the Tubes segment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and $13.6 million to the Other s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">egment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he main discount rate</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> used were in a range between 13.4% and 20.2%.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> In <span>2022</span>, a nominal growth rate of 2% was considered.</span></p> <div> <p style="margin: 0pt;"><br/></p> </div> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In December 2021, as a result of the expected termination of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">the</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">NKKTubes</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> joint venture</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">which </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">at the time </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">represented an im</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">pairment indicator for its assets, an impairment test was conducted, resulting in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">charge of $57 million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> that </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">totally reduced</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the carrying amounts of p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">roperty, plant and equipment and intangible assets. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The total amount was allocated to the Tubes segment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he main discount rate</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> used were in a range between </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">10.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">% and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">18.8</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">%.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> In <span>2021</span>, a nominal growth rate of 2% was considered.</span></p> | |
| CY2023 | ts |
Growth Rates Used In Current Estimate Of Value In Use
GrowthRatesUsedInCurrentEstimateOfValueInUse
|
0.02 | pure |
| CY2022 | ifrs-full |
Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss
ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss
|
76700000 | usd |
| CY2022 | ts |
Growth Rates Used In Current Estimate Of Value In Use
GrowthRatesUsedInCurrentEstimateOfValueInUse
|
0.02 | pure |
| CY2021 | ts |
Growth Rates Used In Current Estimate Of Value In Use
GrowthRatesUsedInCurrentEstimateOfValueInUse
|
0.02 | pure |
| CY2023 | ifrs-full |
Disclosure Of Other Operating Income Expense Explanatory
DisclosureOfOtherOperatingIncomeExpenseExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">6 </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Other operating income and expenses</span></p> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 333px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 9pt;"> </span></p> </td> <td colspan="7" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 65%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Other operating income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net income from other sales </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,960 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 28,161 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,694 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net rents </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,702 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,084 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,314 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Reclassification of currency translation adjustment reserve </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 878 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 71,252 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Tax recovery in Brazilian subsidiaries </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 35,568 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bargain purchase gain </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,162 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Result on sale of Venezuela awards </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 33,341 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Recovery on allowance for doubtful receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 379 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 16,290 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 53,043 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 104,497 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 68,245 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> Other operating expenses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Contributions to welfare projects and non-profit organizations </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,538 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,668 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,697 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Allowance for doubtful receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 107 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 346 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Securities Exchange Commission investigation settlement </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 78,100 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other expense </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,628 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,595 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 17,273 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 104,709 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 6,697 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other income, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 35,770 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (212 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 61,548 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td> </tr> </tbody> </table> </div> <p style="line-height: 12pt; margin: 0pt 0pt 0pt 22.4pt; text-indent: -22.4pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt; text-indent: -22.4pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Reclassification of currency translation adjustment reserve:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">During <span>2022</span>, a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s result of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">NKKTubes</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">’ definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see not</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>36</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Tax recovery in Brazilian subsidiaries</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">On May 13, 2021, the Brazilian Supreme Court issued a final judgment confirming that in calculating PIS and COFINS (Federal Social Contributions on Gross Revenues), tax payers should exclude from its base the total output of ICMS, calculated on a gross basis. This decision led to a recognition of approximately $53 million tax credit in Brazilian subsidiaries, out of which $36 million were recognized in other operating income and $17 million in financial results (impacting in Finance Income and Finance Cost). In addition the tax charge related to this gain amounted to $12 million.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Bargain purchase gain:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> This gain relates to the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> anticorrosion coating division acquisition. For more information see note</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>34</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“Business Combinations - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Acquisition of Anticorrosion Coating Assets in Italy</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Result on sale of Venezuela awards:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> For more information see not</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">e </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>35</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Other income</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">On November 1, 2021, Tenaris sold 100% of the shares of Geneva Structural Tubes LLC (“Geneva”) to MKK USA Inc., a subsidiary of Maruichi Steel Tube Ltd of Japan for an aggregate price of $24.3 million. The gain of this transaction amounted to approximately $6.8 million.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Securities Exchange Commission investigation settlement</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For more information see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>27</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">“Contingencies, commitments and restrictions to the distribution of profits - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Contingencies - Petrobras-related proceedings and claims</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”.</span></p> | |
| CY2023 | ts |
Other Operating Income Net Income From Other Sales
OtherOperatingIncomeNetIncomeFromOtherSales
|
10960000 | usd |
| CY2022 | ts |
Other Operating Income Net Income From Other Sales
OtherOperatingIncomeNetIncomeFromOtherSales
|
28161000 | usd |
| CY2021 | ts |
Other Operating Income Net Income From Other Sales
OtherOperatingIncomeNetIncomeFromOtherSales
|
10694000 | usd |
| CY2023 | ifrs-full |
Rental Income
RentalIncome
|
4702000 | usd |
| CY2022 | ifrs-full |
Rental Income
RentalIncome
|
5084000 | usd |
| CY2021 | ifrs-full |
Rental Income
RentalIncome
|
5314000 | usd |
| CY2023 | ts |
Other Operating Income Reclassification Of Currency Translation Adjustment Reserve
OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve
|
878000 | usd |
| CY2022 | ts |
Other Operating Income Reclassification Of Currency Translation Adjustment Reserve
OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve
|
71252000 | usd |
| CY2021 | ts |
Other Operating Income Reclassification Of Currency Translation Adjustment Reserve
OtherOperatingIncomeReclassificationOfCurrencyTranslationAdjustmentReserve
|
usd | |
| CY2023 | ts |
Tax Credit From Program Of Social Integration And Contribution For Financing Of Social Security Other Operating Income
TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome
|
usd | |
| CY2022 | ts |
Tax Credit From Program Of Social Integration And Contribution For Financing Of Social Security Other Operating Income
TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome
|
usd | |
| CY2021 | ts |
Tax Credit From Program Of Social Integration And Contribution For Financing Of Social Security Other Operating Income
TaxCreditFromProgramOfSocialIntegrationAndContributionForFinancingOfSocialSecurityOtherOperatingIncome
|
35568000 | usd |
| CY2023 | ifrs-full |
Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
|
3162000 | usd |
| CY2022 | ifrs-full |
Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
|
usd | |
| CY2021 | ifrs-full |
Gain Recognised In Bargain Purchase Transaction
GainRecognisedInBargainPurchaseTransaction
|
usd | |
| CY2023 | ts |
Sale Of Nationalization Of Subsidiaries Compensation Award Net Result
SaleOfNationalizationOfSubsidiariesCompensationAwardNetResult
|
33341000 | usd |
| CY2022 | ts |
Sale Of Nationalization Of Subsidiaries Compensation Award Net Result
SaleOfNationalizationOfSubsidiariesCompensationAwardNetResult
|
usd | |
| CY2021 | ts |
Sale Of Nationalization Of Subsidiaries Compensation Award Net Result
SaleOfNationalizationOfSubsidiariesCompensationAwardNetResult
|
usd | |
| CY2023 | ts |
Other Operating Income Recovery On Allowance For Doubtful Accounts
OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts
|
usd | |
| CY2022 | ts |
Other Operating Income Recovery On Allowance For Doubtful Accounts
OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts
|
usd | |
| CY2021 | ts |
Other Operating Income Recovery On Allowance For Doubtful Accounts
OtherOperatingIncomeRecoveryOnAllowanceForDoubtfulAccounts
|
379000 | usd |
| CY2023 | ifrs-full |
Miscellaneous Other Operating Income
MiscellaneousOtherOperatingIncome
|
usd | |
| CY2022 | ifrs-full |
Miscellaneous Other Operating Income
MiscellaneousOtherOperatingIncome
|
usd | |
| CY2021 | ifrs-full |
Miscellaneous Other Operating Income
MiscellaneousOtherOperatingIncome
|
16290000 | usd |
| CY2023 | ifrs-full |
Other Income
OtherIncome
|
53043000 | usd |
| CY2022 | ifrs-full |
Other Income
OtherIncome
|
104497000 | usd |
| CY2021 | ifrs-full |
Other Income
OtherIncome
|
68245000 | usd |
| CY2023 | ts |
Other Operating Expense Contributions To Welfare Projects And Nonprofits Organizations
OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations
|
15538000 | usd |
| CY2022 | ts |
Other Operating Expense Contributions To Welfare Projects And Nonprofits Organizations
OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations
|
13668000 | usd |
| CY2021 | ts |
Other Operating Expense Contributions To Welfare Projects And Nonprofits Organizations
OtherOperatingExpenseContributionsToWelfareProjectsAndNonprofitsOrganizations
|
6697000 | usd |
| CY2023 | ts |
Other Operating Expenses Allowance For Doubtful Receivables
OtherOperatingExpensesAllowanceForDoubtfulReceivables
|
107000 | usd |
| CY2022 | ts |
Other Operating Expenses Allowance For Doubtful Receivables
OtherOperatingExpensesAllowanceForDoubtfulReceivables
|
346000 | usd |
| CY2021 | ts |
Other Operating Expenses Allowance For Doubtful Receivables
OtherOperatingExpensesAllowanceForDoubtfulReceivables
|
usd | |
| CY2023 | ts |
Other Operating Expense Securities Exchange Commission Investigation Settlement
OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement
|
usd | |
| CY2022 | ts |
Other Operating Expense Securities Exchange Commission Investigation Settlement
OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement
|
78100000 | usd |
| CY2021 | ts |
Other Operating Expense Securities Exchange Commission Investigation Settlement
OtherOperatingExpenseSecuritiesExchangeCommissionInvestigationSettlement
|
usd | |
| CY2023 | ifrs-full |
Miscellaneous Other Operating Expense
MiscellaneousOtherOperatingExpense
|
1628000 | usd |
| CY2022 | ifrs-full |
Miscellaneous Other Operating Expense
MiscellaneousOtherOperatingExpense
|
12595000 | usd |
| CY2021 | ifrs-full |
Miscellaneous Other Operating Expense
MiscellaneousOtherOperatingExpense
|
usd | |
| CY2023 | ifrs-full |
Other Expense By Function
OtherExpenseByFunction
|
17273000 | usd |
| CY2022 | ifrs-full |
Other Expense By Function
OtherExpenseByFunction
|
104709000 | usd |
| CY2021 | ifrs-full |
Other Expense By Function
OtherExpenseByFunction
|
6697000 | usd |
| CY2023 | ifrs-full |
Other Operating Income Expense
OtherOperatingIncomeExpense
|
35770000 | usd |
| CY2022 | ifrs-full |
Other Operating Income Expense
OtherOperatingIncomeExpense
|
-212000 | usd |
| CY2021 | ifrs-full |
Other Operating Income Expense
OtherOperatingIncomeExpense
|
61548000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Finance Income Expense Explanatory
DisclosureOfFinanceIncomeExpenseExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">7 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Financial results</span></p> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" cellspacing="0" style="height: 183px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2021</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interest income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 201,852 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%; text-align: left;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 86,112 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,048 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net result on changes in FV of financial assets at FVPL </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,622 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (6,092 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Finance income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 213,474 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 80,020 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 38,048 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Finance cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (106,862 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (45,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (23,677 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net foreign exchange transactions results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 218,383 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 17,287 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net foreign exchange derivatives contracts results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (8,974 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (25,666 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7,966 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (95,044 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; ;color: black;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (30,108 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; ;color: black;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,026 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; ;color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other financial results, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 114,365 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (40,120 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,295 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Net financial results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 220,977 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (6,040 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 22,666 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-style: italic;">Finance Income: </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">In <span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="font-family: 'Frutiger 45 Light';">, <span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"> and <span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>1</span></span><span style="font-family: 'Frutiger 45 Light';"> includes $</span><span style="font-family: 'Frutiger 45 Light';">61.2</span><span style="font-family: 'Frutiger 45 Light';"> million, $<span style="border-left: none; border-right: none;">33.0</span></span><span style="font-family: 'Frutiger 45 Light';"> million and $</span><span style="font-family: 'Frutiger 45 Light';"><span style="border-left: none; border-right: none;">3.3</span></span><span style="font-family: 'Frutiger 45 Light';"> million of interest related to instruments carried at FVPL, respectively. </span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;">In <span>2022</span> also includes a realized loss of $10.5 million related to the change in FV of certain financial instruments obtained in an operation of settlement of trade receivables.</span></p> <p style="line-height: 12pt;margin: 0pt;text-align: justify;font-family: 'Frutiger 45 Light';font-size: 9pt;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">In <span>2021</span> also includes $<span style="border-left: none; border-right: none;">18.0</span></span><span style="font-family: 'Frutiger 45 Light';"> million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note <span>6</span> to these Consolidated Financial Statements.</span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-style: italic;">Net foreign exchange transactions results: </span></p> <p style="line-height: 12pt;margin: 0pt;text-align: justify;font-family: 'Frutiger 45 Light';font-family: 'Frutiger 45 Light';font-size: 9pt;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">In <span>2023</span> mainly includes result from the Argentine peso depreciation against the U.S. dollar on Argentine peso denominated </span><span style="font-family: 'Frutiger 45 Light';">net financial position</span><span style="font-family: 'Frutiger 45 Light';"> at subsidiaries with functional currency U.S. dollar, the Brazilian real appreciation against the U</span><span style="font-family: 'Frutiger 45 Light';">.</span><span style="font-family: 'Frutiger 45 Light';">S. dollar on</span><span style="font-family: 'Frutiger 45 Light';"> Brazilian denominated</span> <span style="font-family: 'Frutiger 45 Light';">net financial position</span><span style="font-family: 'Frutiger 45 Light';"> at subsidiaries with functional currency U.S. dollar, together with the result from Euro appreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, offset by an increase in currency translation adjustment reserve from an Italian subsidiary.</span></span></p> <p style="line-height: 12pt;margin: 0pt;text-align: justify;font-family: 'Frutiger 45 Light';font-family: 'Frutiger 45 Light';font-size: 9pt;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">In <span>2022</span> mainly includes </span><span style="font-family: 'Frutiger 45 Light';">result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated </span><span style="font-family: 'Frutiger 45 Light';">net financial position</span> <span style="font-family: 'Frutiger 45 Light';">at subsidiaries with functional currency U.S. dollar, together with the result from Euro depreciation 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</span><span style="font-family: 'Frutiger 45 Light';">.</span></span></p> <p style="background-color: #ffffff;line-height: 12pt;margin: 0pt;text-align: justify;font-family: 'Frutiger 45 Light';font-size: 9pt;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">In <span>2021</span> mainly includes the result from Euro depreciation 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, together with the result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on </span><span style="font-family: 'Frutiger 45 Light';">Argentine </span><span style="font-family: 'Frutiger 45 Light';">peso and</span><span style="font-family: 'Frutiger 45 Light';"> Japanese</span><span style="font-family: 'Frutiger 45 Light';"> yen denominated </span><span style="font-family: 'Frutiger 45 Light';">net financial position</span><span style="font-family: 'Frutiger 45 Light';"> at subsidiaries with functional currency U.S. dollar. </span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;"> </span></p> <p style="line-height: 12pt;margin: 0pt;text-align: justify;font-family: 'Frutiger 45 Light';font-size: 9pt;"><span style="font-size: 9pt;font-family: 'Frutiger 45 Light';font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; font-style: italic;">Net f</span><span style="font-family: 'Frutiger 45 Light'; font-style: italic;">oreign exchange derivatives contracts results:</span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;"> In <span>2023</span> includes mainly losses on derivatives covering net receivables in Brazilian real.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;">In <span>2022</span> includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen.</span></p> <p style="background-color: #ffffff; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;">In <span>2021</span> includes mainly losses on derivatives covering net liabilities in Euro and Japanese yen, partially offset by gains on derivatives covering net receivables in Brazilian real.</span></p> <p style="background-color: #ffffff; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-style: italic;">Other: </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">In <span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="font-family: 'Frutiger 45 Light';"> includes a </span><span style="font-family: 'Frutiger 45 Light';">net </span><span style="font-family: 'Frutiger 45 Light';">loss </span><span style="font-family: 'Frutiger 45 Light';">of $94.7 </span><span style="font-family: 'Frutiger 45 Light';">million</span><span style="font-family: 'Frutiger 45 Light';"> related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders. For more information see not</span><span style="font-family: 'Frutiger 45 Light';">e </span><span style="font-family: 'Frutiger 45 Light';"><span>29</span></span><span style="font-family: 'Frutiger 45 Light';">.</span></span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;">In <span>2022</span> includes a loss of $29.8 million related to the transfer of Argentine sovereign bonds paid as dividend in kind from an Argentinian subsidiary to its shareholders.</span></p> | |
| CY2023 | ts |
Disclosure Of Detailed Information About Financial Income Cost
DisclosureOfDetailedInformationAboutFinancialIncomeCost
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<table cellpadding="0" cellspacing="0" style="height: 183px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2021</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interest income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 201,852 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%; text-align: left;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 86,112 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,048 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net result on changes in FV of financial assets at FVPL </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,622 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (6,092 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Finance income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 213,474 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; text-align: left; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 80,020 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 38,048 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Finance cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (106,862 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (45,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (23,677 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net foreign exchange transactions results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 218,383 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 17,287 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net foreign exchange derivatives contracts results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (8,974 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (25,666 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7,966 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (95,044 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; ;color: black;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (30,108 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; ;color: black;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,026 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; ;color: black;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Other financial results, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 114,365 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (40,120 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: black; font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,295 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Net financial results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 220,977 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; text-align: left; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (6,040 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 22,666 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> | |
| CY2023 | ifrs-full |
Revenue From Interest
RevenueFromInterest
|
201852000 | usd |
| CY2022 | ifrs-full |
Revenue From Interest
RevenueFromInterest
|
86112000 | usd |
| CY2021 | ifrs-full |
Revenue From Interest
RevenueFromInterest
|
38048000 | usd |
| CY2023 | ts |
Net Financial Income On Changes In Fv Of Financial Assets At Fvtpl
NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL
|
11622000 | usd |
| CY2022 | ts |
Net Financial Income On Changes In Fv Of Financial Assets At Fvtpl
NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL
|
-6092000 | usd |
| CY2021 | ts |
Net Financial Income On Changes In Fv Of Financial Assets At Fvtpl
NetFinancialIncomeOnChangesInFVOfFinancialAssetsAtFVTPL
|
usd | |
| CY2023 | ifrs-full |
Finance Income
FinanceIncome
|
213474000 | usd |
| CY2022 | ifrs-full |
Finance Income
FinanceIncome
|
80020000 | usd |
| CY2021 | ifrs-full |
Finance Income
FinanceIncome
|
38048000 | usd |
| CY2023 | ifrs-full |
Finance Costs
FinanceCosts
|
106862000 | usd |
| CY2022 | ifrs-full |
Finance Costs
FinanceCosts
|
45940000 | usd |
| CY2021 | ifrs-full |
Finance Costs
FinanceCosts
|
23677000 | usd |
| CY2023 | ifrs-full |
Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
|
218383000 | usd |
| CY2022 | ifrs-full |
Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
|
15654000 | usd |
| CY2021 | ifrs-full |
Gains Losses On Exchange Differences On Translation Recognised In Profit Or Loss
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss
|
17287000 | usd |
| CY2023 | ts |
Foreign Exchange Derivatives Contracts Results
ForeignExchangeDerivativesContractsResults
|
-8974000 | usd |
| CY2022 | ts |
Foreign Exchange Derivatives Contracts Results
ForeignExchangeDerivativesContractsResults
|
-25666000 | usd |
| CY2021 | ts |
Foreign Exchange Derivatives Contracts Results
ForeignExchangeDerivativesContractsResults
|
-7966000 | usd |
| CY2023 | ifrs-full |
Other Finance Cost
OtherFinanceCost
|
95044000 | usd |
| CY2022 | ifrs-full |
Other Finance Cost
OtherFinanceCost
|
30108000 | usd |
| CY2021 | ifrs-full |
Other Finance Cost
OtherFinanceCost
|
1026000 | usd |
| CY2023 | ifrs-full |
Other Finance Income Cost
OtherFinanceIncomeCost
|
114365000 | usd |
| CY2023Q1 | ifrs-full |
Other Finance Income Cost
OtherFinanceIncomeCost
|
-40120000 | usd |
| CY2021 | ifrs-full |
Other Finance Income Cost
OtherFinanceIncomeCost
|
8295000 | usd |
| CY2023 | ifrs-full |
Finance Income Cost
FinanceIncomeCost
|
220977000 | usd |
| CY2022 | ifrs-full |
Finance Income Cost
FinanceIncomeCost
|
-6040000 | usd |
| CY2021 | ifrs-full |
Finance Income Cost
FinanceIncomeCost
|
22666000 | usd |
| CY2023 | ifrs-full |
Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss
InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
|
61200000 | usd |
| CY2022 | ifrs-full |
Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss
InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
|
33000000 | usd |
| CY2021 | ifrs-full |
Interest Income On Financial Assets Designated At Fair Value Through Profit Or Loss
InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss
|
3300000 | usd |
| CY2022 | ifrs-full |
Gains Losses On Financial Assets At Fair Value Through Profit Or Loss
GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss
|
-10500000 | usd |
| CY2021 | ts |
Interest Income On Tax Assets
InterestIncomeOnTaxAssets
|
18000000 | usd |
| CY2023 | ts |
Disclosure Of Equity In Earnings Of Nonconsolidated Companies Explanatory
DisclosureOfEquityInEarningsOfNonconsolidatedCompaniesExplanatory
|
<p style="line-height: 10pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">8 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Equity in earnings of non-consolidated companies</span></p> <p style="line-height: 10pt; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 129px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td colspan="7" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; margin-left: 0.1px; vertical-align: bottom; height: 17px; width: 65%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> From non-consolidated companies </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 104,897 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 242,743 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 512,591 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Remeasurement of previously held interest </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,506 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bargain purchase gain </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,487 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Impairment loss on non-consolidated companies </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (34,041 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt;">)</span></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Net loss related to participation increase in Usiminas</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (25,486 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 95,404 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 208,702 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; padding: 0px;"> <p style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 512,591 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Remeasurement of previously held interest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Bargain purchase gain</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">year ended December 31, 2023</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">include </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">4.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">11.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">r</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">elated to GPC acquisition. For more information see note</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>34</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Business Combinations - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Acquisition of Global Pipe Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”. </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Impairment loss on non-consolidated companies:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> For </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">year ended December 31, 2022</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, $19.1 related to the investment in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and $14.9 related to the joint venture with PAO </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Severstal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Severstal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”).</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Net loss related to participation increase in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For more information see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>14</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> “Investments in non-consolidated companies - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">”. </span></p> | |
| CY2023 | ts |
Impairment Loss Recognised In Profit Or Loss In Nonconsolidated Companies
ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies
|
usd | |
| CY2022 | ts |
Impairment Loss Recognised In Profit Or Loss In Nonconsolidated Companies
ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies
|
34041000 | usd |
| CY2021 | ts |
Impairment Loss Recognised In Profit Or Loss In Nonconsolidated Companies
ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies
|
usd | |
| CY2023 | ifrs-full |
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method
ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod
|
95404000 | usd |
| CY2022 | ifrs-full |
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method
ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod
|
208702000 | usd |
| CY2021 | ifrs-full |
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method
ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod
|
512591000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Income Tax Explanatory
DisclosureOfIncomeTaxExplanatory
|
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #003366; font-weight: bold; line-height: inherit;"><span>9</span></span><span style="line-height: inherit;"><span> </span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #003366; font-weight: bold; line-height: inherit;">Income tax</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"> </p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 85px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><br/></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2021</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 65%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current tax </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (868,695 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (589,706 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (215,467 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Deferred tax </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 193,739 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (27,530 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 26,019 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tax charge </span></p> </td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (674,956 </span></p> </td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold; line-height: inherit;">)</span></td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (617,236 </span></p> </td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold; line-height: inherit;">)</span></td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (189,448 </span></p> </td> <td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold; line-height: inherit;">)</span></td> </tr> </tbody> </table> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">No current tax impacts have arisen in the current Consolidated Financial Statements as of December 31, 2023, due to the application of Pillar <span>Two</span> rules, as they will be applicable as from <span>2024</span> in jurisdictions relevant for the Company.</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In addition, the Company has applied the exception prescribed by the amendments to IAS <span>12</span>, and therefore it has not recognized any deferred tax impact from the Pillar <span>Two</span> application.</span><br/></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company is in the process of assessing its exposure to the Pillar <span>Two</span> legislation and testing its situation under the OECD transitional safe </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">harbour</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> rules and expects no major impacts in relation to top-up tax due to the application of <span>one</span> or more of the transitional safe </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">harbour</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> rules. </span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><br/></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Due to the complexities in applying the legislation and calculating </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">GloBE</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> income, the quantitative impact of the enacted legislation is not yet reasonably estimable.</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; line-height: 1.2;"><br/></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The tax on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> income before tax differs from the theoretical amount that would arise using the tax rate in each country as follows</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">: </span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 204px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 64.1509%; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><br/></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 34.7006%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 0.984413%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 64.1509%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 0.984413%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Income before income tax </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.92617%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,632,789 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.23052%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.23052%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.92617%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,165,937 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.23052%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.23052%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.92617%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,242,766 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.984413%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Less impairment charges (non-deductible) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 57,075 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 0.984413%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Income before income tax without impairment charges </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,632,789 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,165,937 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,299,841 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.984413%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 64.1509%; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 0.984413%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Tax calculated at the tax rate in each country </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,127,428 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (705,727 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (209,765 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.984413%; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Effect of currency translation on tax base </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (346,573 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (187,186 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (76,043 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 0.984413%; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Changes in the tax rates </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,535 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (3,422 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (29,881 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.984413%; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Utilization of previously unrecognized tax losses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 787 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 29,560 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.23052%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92617%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 966 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 0.984413%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Tax revaluation, withholding tax and others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 796,723 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 249,539 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 125,275 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 0.984413%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 64.1509%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tax charges </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (674,956 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><span style="font-weight: bold; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (617,236 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><span style="font-weight: bold; line-height: inherit;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.23052%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 9.92617%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (189,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 0.984413%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><span style="font-weight: bold; line-height: inherit;">)</span></td> </tr> </tbody> </table> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Effect of currency translation on tax base</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">:</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Tenaris applies the liability method to recognize deferred income tax on temporary differences between the tax bases of assets / liabilities and their carrying amounts in the financial statements. By application of this method, Tenaris recognizes gains and losses on deferred income tax due to the effect of the change in the value on the tax bases in subsidiaries (mainly Argentina and Mexico), which have a functional currency different than their local currency. These gains and losses are required by IFRS even though the revalued / devalued tax bases of the relevant assets will not result in any deduction / obligation for tax purposes in future periods.</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Changes in the tax rates</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">For the year <span>2021</span>, i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ncludes mainly the effect of the increase in the corporate income tax rate in Argentina from 25% to 35%.</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Tax revaluation, withholding tax and others</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">I</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ncludes a net tax</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> income of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">349.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">250.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">113.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million for <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> respectively related to the tax revaluation regimes in Argentina and Mexico. It also includes a charge of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">164.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">21.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">22.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">for <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> respectively related to withholding taxes for intra-group international operations.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Additionally, it </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">includes $550.3 </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> tax income for <span>2023</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">related to the recognition deferred tax assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> due to previous years’ tax losses carried forward </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">in Luxembourg</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. For more information see note <span>22</span>.</span></p> | |
| CY2023 | ifrs-full |
Current Tax Expense Income
CurrentTaxExpenseIncome
|
868695000 | usd |
| CY2022 | ifrs-full |
Current Tax Expense Income
CurrentTaxExpenseIncome
|
589706000 | usd |
| CY2021 | ifrs-full |
Current Tax Expense Income
CurrentTaxExpenseIncome
|
215467000 | usd |
| CY2023 | ifrs-full |
Deferred Tax Expense Income
DeferredTaxExpenseIncome
|
-193739000 | usd |
| CY2022 | ifrs-full |
Deferred Tax Expense Income
DeferredTaxExpenseIncome
|
27530000 | usd |
| CY2021 | ifrs-full |
Deferred Tax Expense Income
DeferredTaxExpenseIncome
|
-26019000 | usd |
| CY2023 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
674956000 | usd |
| CY2022 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
617236000 | usd |
| CY2021 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
189448000 | usd |
| CY2023 | ts |
Current Tax Impact Arising Due To Application Of Pillar Two Rules
CurrentTaxImpactArisingDueToApplicationOfPillarTwoRules
|
0 | usd |
| CY2022Q4 | ts |
Dividends Paid Amount Per Share Including Interim Dividend
DividendsPaidAmountPerShareIncludingInterimDividend
|
0.17 | |
| CY2023 | ifrs-full |
Profit Loss Before Tax
ProfitLossBeforeTax
|
4632789000 | usd |
| CY2022 | ifrs-full |
Profit Loss Before Tax
ProfitLossBeforeTax
|
3165937000 | usd |
| CY2021 | ifrs-full |
Profit Loss Before Tax
ProfitLossBeforeTax
|
1242766000 | usd |
| CY2023 | ts |
Profit Loss Before Impairment Loss Reversal Of Impairment Loss Recognised And Income Tax
ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax
|
4632789000 | usd |
| CY2022 | ts |
Profit Loss Before Impairment Loss Reversal Of Impairment Loss Recognised And Income Tax
ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax
|
3165937000 | usd |
| CY2021 | ts |
Profit Loss Before Impairment Loss Reversal Of Impairment Loss Recognised And Income Tax
ProfitLossBeforeImpairmentLossReversalOfImpairmentLossRecognisedAndIncomeTax
|
1299841000 | usd |
| CY2023 | ifrs-full |
Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
|
1127428000 | usd |
| CY2022 | ifrs-full |
Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
|
705727000 | usd |
| CY2021 | ifrs-full |
Tax Expense Income At Applicable Tax Rate
TaxExpenseIncomeAtApplicableTaxRate
|
209765000 | usd |
| CY2023 | ifrs-full |
Income Tax Relating To Exchange Differences On Translation Of Other Comprehensive Income
IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome
|
346573000 | usd |
| CY2022 | ifrs-full |
Income Tax Relating To Exchange Differences On Translation Of Other Comprehensive Income
IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome
|
187186000 | usd |
| CY2021 | ifrs-full |
Income Tax Relating To Exchange Differences On Translation Of Other Comprehensive Income
IncomeTaxRelatingToExchangeDifferencesOnTranslationOfOtherComprehensiveIncome
|
76043000 | usd |
| CY2023 | ifrs-full |
Tax Effect From Change In Tax Rate
TaxEffectFromChangeInTaxRate
|
-1535000 | usd |
| CY2022 | ifrs-full |
Tax Effect From Change In Tax Rate
TaxEffectFromChangeInTaxRate
|
3422000 | usd |
| CY2021 | ifrs-full |
Tax Effect From Change In Tax Rate
TaxEffectFromChangeInTaxRate
|
29881000 | usd |
| CY2023 | ifrs-full |
Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
|
-787000 | usd |
| CY2022 | ifrs-full |
Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
|
-29560000 | usd |
| CY2021 | ifrs-full |
Tax Effect Of Tax Losses
TaxEffectOfTaxLosses
|
-966000 | usd |
| CY2023 | ts |
Tax Effect Of Tax Revaluation Witholding Tax And Other Effects
TaxEffectOfTaxRevaluationWitholdingTaxAndOtherEffects
|
-796723000 | usd |
| CY2022 | ts |
Tax Effect Of Tax Revaluation Witholding Tax And Other Effects
TaxEffectOfTaxRevaluationWitholdingTaxAndOtherEffects
|
-249539000 | usd |
| CY2021 | ts |
Tax Effect Of Tax Revaluation Witholding Tax And Other Effects
TaxEffectOfTaxRevaluationWitholdingTaxAndOtherEffects
|
-125275000 | usd |
| CY2023 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
674956000 | usd |
| CY2022 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
617236000 | usd |
| CY2021 | ifrs-full |
Income Tax Expense Continuing Operations
IncomeTaxExpenseContinuingOperations
|
189448000 | usd |
| CY2023 | ts |
Charge Related To Withholding Taxes For Intra Group International Operations
ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations
|
164300000 | usd |
| CY2022 | ts |
Charge Related To Withholding Taxes For Intra Group International Operations
ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations
|
21000000 | usd |
| CY2021 | ts |
Charge Related To Withholding Taxes For Intra Group International Operations
ChargeRelatedToWithholdingTaxesForIntraGroupInternationalOperations
|
22600000 | usd |
| CY2023 | ts |
Deferred Tax Income Recognised In Profit Or Loss
DeferredTaxIncomeRecognisedInProfitOrLoss
|
550300000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Dividends Explanatory
DisclosureOfDividendsExplanatory
|
<div> <p style="margin: 0pt; line-height: 1.2; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #003366; font-weight: bold; line-height: inherit;"><span>10</span></span><span style="line-height: inherit;"><span> </span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #003366; font-weight: bold; line-height: inherit;">Dividends distribution</span><br/></p> </div> <div style="font-family: 'times new roman', times; font-size: 10pt;"> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On November </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the Company’s Board of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Directors approved an interim dividend of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">0.20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> per </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">outstanding </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">share ($</span><span style="border-left: none; border-right: none;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">0.40</span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> per ADS), or approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">235</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, pa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">id</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> on November </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, with an ex-dividend date of November </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>0</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On May 3, 2023, the Company’s shareholders approved an annual dividend in the amount of $0.51 per share ($1.02 per ADS). The amount approved by the shareholders included the interim dividend previously paid on November 23, 2022 in the amount of $0.17 per share ($0.34 per ADS). The balance, amounting to $0.34 per share ($0.68 per ADS), was paid on May 24, 2023, for an amount of approximately $401 million. In the aggregate, the interim dividend paid in November 2022 and the balance paid in May 2023 amounted to approximately $602 million.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On May 3, 2022, the Company’s shareholders approved an annual dividend in the amount of $0.41 per share ($0.82 per ADS). The amount approved included the interim dividend previously paid on November 24, 2021 in the amount of $0.13 per share ($0.26 per ADS). The balance, amounting to $0.28 per share ($0.56 per ADS), was paid on May 25, 2022, for an amount of approximately $331 million. In the aggregate, the interim dividend paid in November 2021 and the balance paid in May 2022 amounted to approximately $484 million.</span></p> </div> | |
| CY2023Q4 | ifrs-full |
Dividends Paid Ordinary Shares Per Share
DividendsPaidOrdinarySharesPerShare
|
0.2 | |
| CY2023Q4 | ts |
Dividends Paid Per American Depositary Security
DividendsPaidPerAmericanDepositarySecurity
|
0.4 | |
| CY2023Q4 | ts |
Payments For Dividends Approved
PaymentsForDividendsApproved
|
235000000 | usd |
| CY2023Q2 | ts |
Dividends Payable Amount Per Share Including Interim Dividend
DividendsPayableAmountPerShareIncludingInterimDividend
|
0.51 | |
| CY2023Q2 | ts |
Dividends Payable Amount Per American Depositary Security Including Interim Dividend
DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend
|
1.02 | |
| CY2022 | ts |
Lease Liabilities Increase Due To Business Combinations
LeaseLiabilitiesIncreaseDueToBusinessCombinations
|
usd | |
| CY2021Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
117285000 | usd |
| CY2023 | ts |
Lease Liabilities Increase Due To Business Combinations
LeaseLiabilitiesIncreaseDueToBusinessCombinations
|
12148000 | usd |
| CY2022Q4 | ts |
Dividends Paid Amount Per American Depositary Security Including Interim Dividend
DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend
|
0.34 | |
| CY2023Q2 | ifrs-full |
Dividends Paid Ordinary Shares Per Share
DividendsPaidOrdinarySharesPerShare
|
0.34 | |
| CY2023Q2 | ts |
Dividends Paid Per American Depositary Security
DividendsPaidPerAmericanDepositarySecurity
|
0.68 | |
| CY2023Q2 | ifrs-full |
Dividends Paid
DividendsPaid
|
401000000 | usd |
| ifrs-full |
Dividends Paid
DividendsPaid
|
602000000 | usd | |
| CY2022Q2 | ts |
Dividends Payable Amount Per Share Including Interim Dividend
DividendsPayableAmountPerShareIncludingInterimDividend
|
0.41 | |
| CY2022Q2 | ts |
Dividends Payable Amount Per American Depositary Security Including Interim Dividend
DividendsPayableAmountPerAmericanDepositarySecurityIncludingInterimDividend
|
0.82 | |
| CY2021Q4 | ts |
Dividends Paid Amount Per Share Including Interim Dividend
DividendsPaidAmountPerShareIncludingInterimDividend
|
0.13 | |
| CY2021Q4 | ts |
Dividends Paid Amount Per American Depositary Security Including Interim Dividend
DividendsPaidAmountPerAmericanDepositarySecurityIncludingInterimDividend
|
0.26 | |
| CY2022Q2 | ifrs-full |
Dividends Paid Ordinary Shares Per Share
DividendsPaidOrdinarySharesPerShare
|
0.28 | |
| CY2022Q2 | ts |
Dividends Paid Per American Depositary Security
DividendsPaidPerAmericanDepositarySecurity
|
0.56 | |
| CY2022Q2 | ifrs-full |
Dividends Paid
DividendsPaid
|
331000000 | usd |
| ifrs-full |
Dividends Paid
DividendsPaid
|
484000000 | usd | |
| CY2023 | ifrs-full |
Disclosure Of Property Plant And Equipment Explanatory
DisclosureOfPropertyPlantAndEquipmentExplanatory
|
<p style="margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt; font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold;"><span style="font-size: 10pt;"><span style="border-left: none; border-right: none;"><span><b>11</b></span><span> </span></span></span><span style="font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold;">Property, plant and equipment, net</span></p> <p style="font-family: 'times new roman', times; margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt;"><br/></p> <div style="font-family: 'times new roman', times; border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100.039%; text-indent: 0px; height: 201px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and civil buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial buildings, plant and production equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Work in progress </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Spare parts and equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 29%;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Values at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 815,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,857,494 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 402,485 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 252,379 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 55,526 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,383,647 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,863 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 53,282 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,675 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,462 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 199 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 58,481 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 64,413 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 256,899 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 831 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 71,838 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 393,981 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 330 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,661 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 820 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 546,515 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 19,671 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 570,997 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,031 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 435,550 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 22,530 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (471,381 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,270 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4,443 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (68,613 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (11,428 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4,710 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,562 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (92,756 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Values at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 889,957 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 13,538,273 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 416,913 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 396,103 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 71,834 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 15,313,080 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation and impairment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 152,272 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,313,971 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 340,526 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,615 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,827,384 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 390 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,074 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,584 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 105 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 40,153 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,256 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 411,861 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 19,839 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,934 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 445,890 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (16 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (391 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 27 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (380 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (8 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (67,471 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (10,667 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (78,146 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 164,894 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,696,044 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 351,309 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 22,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 9,234,901 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 725,063 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,842,229 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 65,604 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 396,103 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 49,180 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 6,078,179 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 10pt; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"><br/></p> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; font-weight: normal; vertical-align: super;"><span style="font-size: 9pt;">(*)</span> </span><span><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">Related </span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">to the GPC, </span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;"> anticorrosion coating division, Republic Tube LLC’s OCTG pipe processing facility and Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">. For more information see note </span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;"><span>34</span></span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">.</span></span></span></p> <p style="margin: 0pt; text-align: justify;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100.039%; text-indent: 0px; height: 270px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and civil buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial buildings, plant and production equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Work in progress </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Spare parts and equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; width: 29%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Values at the beginning of the year </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 830,104 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,064,541 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 420,930 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 147,429 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 59,522 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,522,526 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,601 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (71,347 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,838 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 376 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (174 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (74,584 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 187 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 187 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,271 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 734 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 334,912 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,150 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 346,067 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,829 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 184,915 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 16,221 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (227,153 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (16,188 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (22,569 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (322,886 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (33,562 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,372 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (11,972 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (394,361 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Values at the end of the year </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 815,763 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 12,857,494 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 402,485 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 252,379 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 55,526 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 14,383,647 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation and impairment </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 139,941 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,199,724 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 353,639 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,421 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,697,725 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (289 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (51,283 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,756 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 130 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (53,198 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,577 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 432,648 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,022 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,485 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 487,732 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (21,506 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (215 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (21,723 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Impairment charge (See note <span>5</span>) </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 75,722 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 321 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,043 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 13px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (955 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (321,334 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (32,485 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4,421 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (359,195 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 152,272 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,313,971 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 340,526 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 20,615 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,827,384 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 663,491 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,543,523 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 61,959 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 252,379 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 34,911 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 5,556,263 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <p style="margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt;"><br/></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super;">(*)</span><span><span style="font-family: 'Frutiger 45 Light';">Related</span> <span style="font-family: 'Frutiger 45 Light';">to</span><span style="font-family: 'Frutiger 45 Light';"> Parques Eólicos de la Buena Ventura S.A. </span><span style="font-family: 'Frutiger 45 Light';">acquisition</span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></p> </div> <p style="font-family: 'times new roman', times; line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';"><br/></span></span></p> <div style="font-family: 'times new roman', times;"> </div> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">See note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>28</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> for a description of certain restricted assets with a carrying value of $56.2 million held in Saudi Arabia by the Company’s subsidiary </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">SSPC</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, in which Tenaris holds a 47.79%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> interest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 10pt; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Property, plant and equipment </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">include</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">capitalized </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">interest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">for</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> net amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> at December 31, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">of</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">28.8</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">30.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> The</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">were no</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">new </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">interest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">capitalized during <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 11pt; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Government grants recognized as a reduction of property, plant and equipment were </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">not </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">material for the years <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 11pt; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For the year <span>2023</span>, t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he carrying amount of assets pledged as security for current and non-current borrowings amounted to $89.6 million held in Saudi Arabia by the Company´s subsidiary GPC, in which SSPC holds a 57.3%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> interest</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span><br/></p> <p style="font-family: 'times new roman', times; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">For the year <span>2022</span>, t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he carrying amount of assets pledged as security for current and non-current borrowings </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">we</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">re </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">not </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">material. </span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Detailed Information About Property Plant And Equipment Explanatory
DisclosureOfDetailedInformationAboutPropertyPlantAndEquipmentExplanatory
|
<div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100.039%; text-indent: 0px; height: 201px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and civil buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial buildings, plant and production equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Work in progress </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Spare parts and equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom; width: 29%;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 10%;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; width: 1%;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Values at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 815,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,857,494 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 402,485 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 252,379 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 55,526 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,383,647 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,863 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 53,282 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,675 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,462 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 199 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 58,481 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 64,413 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 256,899 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 831 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 71,838 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 393,981 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 330 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,661 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 820 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 546,515 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 19,671 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 570,997 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,031 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 435,550 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 22,530 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (471,381 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,270 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4,443 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (68,613 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (11,428 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4,710 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,562 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (92,756 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Values at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 889,957 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 13,538,273 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 416,913 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 396,103 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 71,834 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 15,313,080 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation and impairment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 152,272 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,313,971 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 340,526 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,615 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,827,384 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 390 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,074 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,584 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 105 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 40,153 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,256 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 411,861 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 19,839 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,934 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 445,890 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (16 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (391 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 27 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (380 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (8 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (67,471 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (10,667 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (78,146 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 164,894 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,696,044 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 351,309 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 22,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 9,234,901 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 725,063 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,842,229 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 65,604 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 396,103 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 49,180 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 6,078,179 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 10pt; margin: 0pt 0pt 0pt 34.85pt; text-align: justify; text-indent: -34.85pt;"><br/></p> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; font-weight: normal; vertical-align: super;"><span style="font-size: 9pt;">(*)</span> </span><span><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">Related </span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">to the GPC, </span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;"> anticorrosion coating division, Republic Tube LLC’s OCTG pipe processing facility and Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">. For more information see note </span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;"><span>34</span></span><span style="font-family: 'Frutiger 45 Light'; font-weight: normal;">.</span></span></span></p> <p style="margin: 0pt; text-align: justify;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100.039%; text-indent: 0px; height: 270px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and civil buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial buildings, plant and production equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Work in progress </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Spare parts and equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; width: 29%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 10%; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Values at the beginning of the year </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 830,104 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,064,541 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 420,930 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 147,429 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 59,522 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,522,526 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,601 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (71,347 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,838 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 376 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (174 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (74,584 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 187 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 187 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,271 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 734 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 334,912 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,150 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 346,067 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,829 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 184,915 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 16,221 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (227,153 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (16,188 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (22,569 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (322,886 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (33,562 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,372 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (11,972 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (394,361 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Values at the end of the year </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 815,763 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 12,857,494 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 402,485 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 252,379 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 55,526 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 14,383,647 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation and impairment </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 139,941 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,199,724 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 353,639 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,421 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,697,725 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (289 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (51,283 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,756 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 130 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (53,198 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,577 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 432,648 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,022 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,485 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 487,732 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (21,506 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (215 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (21,723 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Impairment charge (See note <span>5</span>) </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 75,722 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 321 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,043 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom;" valign="bottom"><br/></td> </tr> <tr style="height: 13px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals / Consumptions </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (955 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (321,334 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (32,485 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (4,421 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (359,195 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 13px; vertical-align: bottom;" valign="bottom">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 152,272 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,313,971 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 340,526 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;"> - </span></span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 20,615 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 8,827,384 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 663,491 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,543,523 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 61,959 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 252,379 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 34,911 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 5,556,263 </span></p> </td> <td style="padding: 0px; margin: 0px; text-indent: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> </tr> </tbody> </table> </div> <p style="margin: 0pt 0pt 0pt 35pt; text-align: justify; text-indent: -35pt;"><br/></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super;">(*)</span><span><span style="font-family: 'Frutiger 45 Light';">Related</span> <span style="font-family: 'Frutiger 45 Light';">to</span><span style="font-family: 'Frutiger 45 Light';"> Parques Eólicos de la Buena Ventura S.A. </span><span style="font-family: 'Frutiger 45 Light';">acquisition</span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></p> | |
| CY2023Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
6078179000 | usd |
| CY2022Q4 | ifrs-full |
Property Plant And Equipment
PropertyPlantAndEquipment
|
5556263000 | usd |
| CY2023Q4 | ts |
Property Plant And Equipment Capitalized Interest
PropertyPlantAndEquipmentCapitalizedInterest
|
28800000 | usd |
| CY2022Q4 | ts |
Property Plant And Equipment Capitalized Interest
PropertyPlantAndEquipmentCapitalizedInterest
|
30400000 | usd |
| CY2023Q4 | ifrs-full |
Property Plant And Equipment Pledged As Security
PropertyPlantAndEquipmentPledgedAsSecurity
|
89600000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Intangible Assets Explanatory
DisclosureOfIntangibleAssetsExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt; font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold;"><span style="line-height: inherit;"><span style="border-left: none; border-right: none;"><span><span style="font-size: 10pt;"><b>12 </b></span></span></span></span><span style="font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold; line-height: inherit;">Intangible assets, net</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 293px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Licenses, patents and trademarks <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 41%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 614,474 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 550,991 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,469,726 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,762,042 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,397,233 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,233 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 39 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,274 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(**)</span></sup></span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 105 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 116 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 18,616 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 28,638 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 47,475 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 39,375 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 9,073 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 48,448 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 437 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 367 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 804 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Disposals </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,737 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,737 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 648,887 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 560,549 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,488,381 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,790,680 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,488,497 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 561,119 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 398,417 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,384,674 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,720,515 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,064,725 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,140 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,141 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 21,285 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,799 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 22,259 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 52,343 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (86 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (86 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Disposals </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,736 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,736 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 576,722 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 407,217 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,384,674 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,742,774 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,111,387 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2023 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 72,165 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 153,332 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,103,707 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 47,906 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,377,110 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;"><sup>(*)</sup> <span><span style="border-right: none; border-left: none;">Includes Proprietary Technology.</span></span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><sup>(**) </sup></span><span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related to the GPC, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> anticorrosion coating division, Republic Tube LLC’s OCTG pipe processing facility and Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. For more information see note </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></span></span></span></span></span></span></p> <div style="border-left: none; border-right: none;"> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 278px; width: 99.8777%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Licenses, patents and trademarks </span><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt;"><sup>(*)</sup></span></p> </td> <td style="font-size: 8pt; vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="font-size: 8pt; vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 650,155 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 547,527 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,468,638 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,211,151 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,877,471 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,626 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,088 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,538 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations<span style="font-size: 8pt;"><sup> (**)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,019 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,019 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 31,427 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 952 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 32,379 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,535 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,535 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Disposals </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(***)</span></sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (58,947 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,507 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (449,109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (509,563 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 614,474 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 550,991 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,469,726 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,762,042 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,397,233 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 599,307 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 391,223 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,383,994 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,130,771 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,505,295 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,496 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,496 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 23,218 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,701 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 38,853 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 70,772 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Impairment charge (See note <span>5</span>) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 680 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 682 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Disposals </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(***)</span></sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (58,912 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,507 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (449,109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (509,528 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 561,119 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 398,417 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,384,674 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,720,515 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,064,725 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 53,355 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 152,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,085,052 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 41,527 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,332,508 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(*)</span></sup></span><span style="font-size: 9pt;"><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Includes Proprietary Technology.</span></span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; vertical-align: super; line-height: inherit;">(**)</span><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">to</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> Parques Eólicos de la Buena Ventura S.A. </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">acquisition</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;">(***)</span></span><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Mainly related to </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">fully depreciated assets following the </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">deconsolidation of a Canadian subsidiary of the Company.</span></span></span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The geographical </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">allocation of goodwill </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">for the year</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> ended December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">was $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">944.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million for North America</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">111.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million for South America</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">33.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million for</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Asia Pacific, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Middle East & Africa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">15.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million for Europe</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p> <p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The carrying amount of goodwill allocated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> by CGU, as of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, was as follows: </span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 122px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;"> (all amounts in millions of U.S. dollars) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 51.9231%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 22.4852%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tubes Segment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other Segment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 51.9231%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> CGU </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hydril Acquisition </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.9231%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Tamsa </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 346 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 19 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.47929%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 365 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Siderca </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 265 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 93 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 358 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Hydril </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 309 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 309 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 58 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 14 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 71 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 920 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 170 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,104 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td> </tr> </tbody> </table> </div> | |
| CY2023 | ifrs-full |
Disclosure Of Reconciliation Of Changes In Intangible Assets And Goodwill Explanatory
DisclosureOfReconciliationOfChangesInIntangibleAssetsAndGoodwillExplanatory
|
<div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 293px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Licenses, patents and trademarks <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 41%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 614,474 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 550,991 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,469,726 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,762,042 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,397,233 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,233 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 39 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,274 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 18px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(**)</span></sup></span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 105 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 116 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 18,616 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 28,638 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 18px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 47,475 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 39,375 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 9,073 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 48,448 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 437 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 367 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 804 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Disposals </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,737 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,737 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 648,887 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 560,549 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,488,381 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,790,680 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,488,497 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 561,119 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 398,417 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,384,674 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,720,515 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,064,725 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: justify; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,140 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,141 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 21,285 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,799 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 22,259 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 52,343 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (86 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (86 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Disposals </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,736 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,736 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 576,722 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 407,217 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,384,674 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,742,774 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,111,387 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding: 0px 0px 0px 7px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2023 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 72,165 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 153,332 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,103,707 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 47,906 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,377,110 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;"><sup>(*)</sup> <span><span style="border-right: none; border-left: none;">Includes Proprietary Technology.</span></span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><sup>(**) </sup></span><span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related to the GPC, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> anticorrosion coating division, Republic Tube LLC’s OCTG pipe processing facility and Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. For more information see note </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></span></span></span></span></span></span></p> <div style="border-left: none; border-right: none;"> <p style="font-size: 10pt; margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 278px; width: 99.8777%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Information system projects </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Licenses, patents and trademarks </span><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: center; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; font-size: 8pt;"><sup>(*)</sup></span></p> </td> <td style="font-size: 8pt; vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="font-size: 8pt; vertical-align: bottom; height: 10px; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Goodwill </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Customer relationships </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit; height: 10px; vertical-align: bottom; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit; text-align: center; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 650,155 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 547,527 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,468,638 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,211,151 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,877,471 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,626 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,088 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,538 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations<span style="font-size: 8pt;"><sup> (**)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,019 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,019 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 31,427 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 952 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 32,379 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,535 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,535 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Disposals </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(***)</span></sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (58,947 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,507 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (449,109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (509,563 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Values at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 614,474 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 550,991 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,469,726 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,762,042 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,397,233 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Amortization and impairment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 599,307 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 391,223 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,383,994 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,130,771 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,505,295 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,496 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,496 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Amortization charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 23,218 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,701 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 38,853 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 70,772 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Impairment charge (See note <span>5</span>) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 680 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 682 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Disposals </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(***)</span></sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (58,912 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,507 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (449,109 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (509,528 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 561,119 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 398,417 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,384,674 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,720,515 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,064,725 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 53,355 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 152,574 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,085,052 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 41,527 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,332,508 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(*)</span></sup></span><span style="font-size: 9pt;"><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Includes Proprietary Technology.</span></span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; vertical-align: super; line-height: inherit;">(**)</span><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">to</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> Parques Eólicos de la Buena Ventura S.A. </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">acquisition</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></p> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super; line-height: inherit;"><span style="font-size: 8pt; line-height: inherit;">(***)</span></span><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Mainly related to </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">fully depreciated assets following the </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">deconsolidation of a Canadian subsidiary of the Company.</span></span></span></p> | |
| CY2023Q4 | ifrs-full |
Intangible Assets And Goodwill
IntangibleAssetsAndGoodwill
|
1377110000 | usd |
| CY2022Q4 | ifrs-full |
Intangible Assets And Goodwill
IntangibleAssetsAndGoodwill
|
1332508000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Information For Individual Asset Or Cashgenerating Unit With Significant Amount Of Goodwill Or Intangible Assets With Indefinite Useful Lives Explanatory
DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory
|
<div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 122px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"> <tbody> <tr style="height: 16px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;"> (all amounts in millions of U.S. dollars) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 51.9231%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 22.4852%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tubes Segment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other Segment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 16px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 51.9231%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> CGU </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hydril Acquisition </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.47929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; margin: 0px; text-indent: 0px; width: 10.2071%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0) !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; margin: 0px; text-indent: 0px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.9231%; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Tamsa </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 346 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 19 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.47929%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.2071%; margin: 0px; text-indent: 0px; height: 16px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 365 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0355%; margin: 0px; text-indent: 0px; height: 16px;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Siderca </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 265 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 93 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 358 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Hydril </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 309 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 309 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 58 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 14 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 71 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%;"><br/></td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 16px; width: 51.9231%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 920 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 170 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 14 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.47929%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 10.2071%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,104 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 16px; width: 1.0355%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td> </tr> </tbody> </table> </div> | |
| CY2023Q4 | ifrs-full |
Goodwill
Goodwill
|
1104000000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Leases Explanatory
DisclosureOfLeasesExplanatory
|
<p style="font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">13 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Right-of-use assets, net and lease liabilities</span></p> <p style="font-size: 10pt; line-height: 12pt; margin: 0pt;"><br/></p> <p style="font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Right of use assets evolution</span></p> <p style="font-size: 10pt; line-height: 12pt; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 348px;" width="100%"> <tbody> <tr style="height: 65px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.2222%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and Civil Buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11.7037%;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial Buildings, Plant and Production Equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.0741%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.18519%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Others </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.88889%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 29.6296%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10.2222%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 11.7037%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10.0741%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.18519%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8.88889%; height: 10px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Opening net book amount </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 43,570 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 125,677 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 30,291 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,182 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 200,720 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 99 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 243 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 263 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 605 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 18px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 18px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,803 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 37 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,886 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,040 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 30,066 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,732 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,486 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 61,324 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2,739 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2,424 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (12,806 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 66,464 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 148,380 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 43,217 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,668 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 261,729 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 18,933 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 52,794 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 17,042 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 210 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 88,979 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 34 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 134 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 200 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 368 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,663 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 29,685 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,316 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 613 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 50,277 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,349 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7,046 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,638 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (10,033 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 27,972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 75,567 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 25,229 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 823 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 129,591 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 38,492 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 72,813 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 17,988 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,845 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 132,138 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> </tbody> </table> <p style="font-size: 10pt; line-height: 10pt; margin: 0pt;"><br/></p> <p style="font-size: 10pt; line-height: 10pt; margin: 0pt;"><span style="font-size: 8pt;"><sup><span style="font-family: 'Times New Roman';">(*) </span></sup></span><span><span style="font-size: 9pt;"> <span style="font-family: 'Frutiger 45 Light';">Related to the GPC and Mattr’s pipe coating business unit acquisitions. For more information see note 34.</span></span></span></p> </div> <p style="font-size: 10pt; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 327px;" width="100%"> <tbody> <tr style="height: 55px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and Civil Buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial Buildings, Plant and Production Equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Others </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 55px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 41%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Opening net book amount </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46,082 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 131,816 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,256 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 198,154 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 52 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (414 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (417 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (779 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,872 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 31,778 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,674 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,182 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 56,506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (5,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,317 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,483 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (13,270 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (36,186 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,705 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (53,161 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 43,570 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 125,677 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 30,291 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,182 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 200,720 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 24,005 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 54,727 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,684 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 89,416 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (9 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (139 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (251 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,965 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 32,767 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,277 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 210 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 49,219 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,974 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,431 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,543 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (10,054 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (35,992 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,211 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (49,257 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 18,933 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 52,794 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 17,042 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 210 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 88,979 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 24,637 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 72,883 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 13,249 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 111,741 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; margin: 0pt;"><br/></p> <p style="font-size: 10pt; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Depreciation of right-of-use assets </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> mainly included in Tubes segment. </span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <div> </div> <p style="font-size: 10pt; line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Lease liability evolution</span></p> <p style="font-size: 10pt; line-height: 10pt; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 163px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Opening net book amount </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 112,177 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 117,285 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations </span><span style="font-size: 8pt;"><sup><span style="font-family: 'Frutiger 45 Light';">(*)</span></sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 12,148 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,237 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,922 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 61,310 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 56,459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Cancellations </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2,972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (5,207 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 14px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 14px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Repayments </span><span style="font-size: 8pt;"><sup><span style="font-family: 'Frutiger 45 Light';">(**)</span></sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (54,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 14px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 14px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (55,874 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 14px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interest accrued </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,473 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,436 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 134,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 112,177 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="font-size: 10pt; line-height: 10pt; margin: 0pt;"><br/></p> <p style="line-height: 9pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 13.3333px;"><span style="font-size: 8pt;"><sup>(*)</sup></span> </span><span><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">Related to the GPC</span> <span style="font-family: 'Frutiger 45 Light';">and </span><span style="font-family: 'Frutiger 45 Light';">Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light';">. For more information see note </span><span style="font-family: 'Frutiger 45 Light';"><span>34</span></span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></p> <p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-size: 8pt;"><sup><span style="font-family: 'Frutiger 45 Light';">(**) </span></sup></span><span><span style="border-left: none; border-right: none;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">For <span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>3</span></span><span style="font-family: 'Frutiger 45 Light';"> i</span><span style="font-family: 'Frutiger 45 Light';">nclude</span><span style="font-family: 'Frutiger 45 Light';">s</span> <span style="font-family: 'Frutiger 45 Light';">repayments of </span><span style="font-family: 'Frutiger 45 Light';">$</span><span style="font-family: 'Frutiger 45 Light';">51.5</span><span style="font-family: 'Frutiger 45 Light';"> million </span><span style="font-family: 'Frutiger 45 Light';">in capital </span><span style="font-family: 'Frutiger 45 Light';">and </span><span style="font-family: 'Frutiger 45 Light';">$</span><span style="font-family: 'Frutiger 45 Light';">3.4</span><span style="font-family: 'Frutiger 45 Light';"> million</span><span style="font-family: 'Frutiger 45 Light';"> of interest</span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></span></p> <p style="font-size: 9pt; line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light';">F</span><span style="font-family: 'Frutiger 45 Light';">or <span>202</span></span><span style="font-family: 'Frutiger 45 Light';"><span>2</span></span><span style="font-family: 'Frutiger 45 Light';"> includes repayments of $</span><span style="font-family: 'Frutiger 45 Light';">52.4</span><span style="font-family: 'Frutiger 45 Light';"> million in capital and $</span><span style="font-family: 'Frutiger 45 Light';">3.5</span><span style="font-family: 'Frutiger 45 Light';"> million of interest</span><span style="font-family: 'Frutiger 45 Light';">.</span></span></p> <p style="font-size: 10pt; margin: 0pt;"><br/></p> <p style="font-size: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">December </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he amount of remaining payments with maturit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ies of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> less than <span>1</span> year, between <span>2</span> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>5</span> years and more than <span>5</span> years was</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">28%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">45%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">27%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-size: 10pt; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">December </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">he amount of remaining payments with maturit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ies of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> less than <span>1</span> year, between <span>2</span> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>5</span> years and more than <span>5</span> years was</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">25%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">48%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">27%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="font-size: 10pt; line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="font-size: 10pt; line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Expense</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> relat</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> to short-term leases</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">leases of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">low</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">value </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and variable leases</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">ost of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">ales and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">elling, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">g</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">eneral and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">dministrative </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">xpense</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">were</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> not material for the years <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Quantitative Information About Rightofuse Assets Explanatory
DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory
|
<div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 348px;" width="100%"> <tbody> <tr style="height: 65px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.2222%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and Civil Buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11.7037%;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial Buildings, Plant and Production Equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.0741%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.18519%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Others </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.88889%;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 65px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 29.6296%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10.2222%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 11.7037%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10.0741%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 9.18519%; height: 10px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 8.88889%; height: 10px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 2.22222%; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Opening net book amount </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 43,570 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 125,677 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 30,291 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,182 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 200,720 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 99 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 243 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 263 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 605 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 18px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 18px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,803 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 37 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11,886 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 18px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,040 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 30,066 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,732 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,486 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 61,324 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2,739 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2,424 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (12,806 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 66,464 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 148,380 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 43,217 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,668 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 261,729 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 18,933 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 52,794 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 17,042 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 210 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 88,979 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 34 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 134 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 200 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 368 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,663 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 29,685 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,316 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 613 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 50,277 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (691 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,349 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (7,046 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,638 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (10,033 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 2.22222%;" valign="top">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 27,972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 75,567 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 25,229 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 823 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 129,591 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29.6296%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10.2222%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 38,492 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 11.7037%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 72,813 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10.0741%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 17,988 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.18519%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,845 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 8.88889%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 132,138 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 2.22222%;"><br/></td> </tr> </tbody> </table> <p style="font-size: 10pt; line-height: 10pt; margin: 0pt;"><br/></p> <p style="font-size: 10pt; line-height: 10pt; margin: 0pt;"><span style="font-size: 8pt;"><sup><span style="font-family: 'Times New Roman';">(*) </span></sup></span><span><span style="font-size: 9pt;"> <span style="font-family: 'Frutiger 45 Light';">Related to the GPC and Mattr’s pipe coating business unit acquisitions. For more information see note 34.</span></span></span></p> </div> <p style="font-size: 10pt; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 327px;" width="100%"> <tbody> <tr style="height: 55px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> Year ended December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Land and Civil Buildings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Industrial Buildings, Plant and Production Equipment </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Vehicles, furniture and fixtures </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Others </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 55px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 55px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 41%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Cost </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; background-color: #cceeff; width: 1%; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Opening net book amount </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46,082 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 131,816 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,256 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 198,154 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 52 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (414 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (417 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (779 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Additions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 15,872 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 31,778 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,674 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,182 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 56,506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (5,166 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,317 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 6,483 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (13,270 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (36,186 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,705 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (53,161 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 43,570 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 125,677 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 30,291 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,182 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 200,720 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Depreciation </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Accumulated at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 24,005 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 54,727 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,684 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 89,416 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Currency translation adjustment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (9 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (139 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (251 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (399 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Depreciation charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,965 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 32,767 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,277 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 210 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 49,219 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Transfers / Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,974 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,431 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,543 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Disposals </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (10,054 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (35,992 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,211 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (49,257 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top;" valign="top">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Accumulated at the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 18,933 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 52,794 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 17,042 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 210 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 88,979 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 24,637 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 72,883 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 13,249 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 111,741 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="top"><br/></td> </tr> </tbody> </table> </div> | |
| CY2023Q4 | ifrs-full |
Rightofuse Assets
RightofuseAssets
|
132138000 | usd |
| CY2022Q4 | ifrs-full |
Rightofuse Assets
RightofuseAssets
|
111741000 | usd |
| CY2022Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
112177000 | usd |
| CY2023 | ts |
Lease Liabilities Translation Differences
LeaseLiabilitiesTranslationDifferences
|
2237000 | usd |
| CY2022 | ts |
Lease Liabilities Translation Differences
LeaseLiabilitiesTranslationDifferences
|
-3922000 | usd |
| CY2023 | ts |
Lease Liabilities Additions
LeaseLiabilitiesAdditions
|
61310000 | usd |
| CY2022 | ts |
Lease Liabilities Additions
LeaseLiabilitiesAdditions
|
56459000 | usd |
| CY2023 | ts |
Lease Liabilities Cancellations
LeaseLiabilitiesCancellations
|
2972000 | usd |
| CY2022 | ts |
Lease Liabilities Cancellations
LeaseLiabilitiesCancellations
|
5207000 | usd |
| CY2023 | ts |
Lease Liabilities Repayments
LeaseLiabilitiesRepayments
|
54940000 | usd |
| CY2022 | ts |
Lease Liabilities Repayments
LeaseLiabilitiesRepayments
|
55874000 | usd |
| CY2023 | ts |
Lease Liabilities Interest Accrued
LeaseLiabilitiesInterestAccrued
|
4473000 | usd |
| CY2022 | ts |
Lease Liabilities Interest Accrued
LeaseLiabilitiesInterestAccrued
|
3436000 | usd |
| CY2023Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
134433000 | usd |
| CY2022Q4 | ifrs-full |
Lease Liabilities
LeaseLiabilities
|
112177000 | usd |
| CY2023 | ts |
Lease Liabilities Capital Repayments
LeaseLiabilitiesCapitalRepayments
|
51500000 | usd |
| CY2023 | ifrs-full |
Interest Expense On Lease Liabilities
InterestExpenseOnLeaseLiabilities
|
3400000 | usd |
| CY2022 | ts |
Lease Liabilities Capital Repayments
LeaseLiabilitiesCapitalRepayments
|
52400000 | usd |
| CY2022 | ifrs-full |
Interest Expense On Lease Liabilities
InterestExpenseOnLeaseLiabilities
|
3500000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Interests In Other Entities Explanatory
DisclosureOfInterestsInOtherEntitiesExplanatory
|
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">14</span></span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Investments in </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">non-consolidated</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> companies</span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 190px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 74.4898%; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 24.1983%; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.02041%; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 74.4898%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,540,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,383,774 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.02041%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 110,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 7,336 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 79,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 242,743 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Impairment loss in non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (34,041 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Dividends and distributions declared </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (69,216 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (64,189 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Acquisition of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 22,661 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Decrease due to step-acquisition </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (23,453 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (Decrease) / increase in equity reserves and others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (52,046 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,608,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,540,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Equity in earnings of non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">: Includes a loss of $25.5 related to the participation increase in Usiminas and does </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">not</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> include $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">4.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">11.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">r</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">elated to GPC acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> since May 17, 2023, which is the date of its consolidation</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. For more information see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>34</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> “Business Combinations - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Acquisition of Global Pipe Company</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Impairment loss in non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Includes an impairment of $19.1 million related to the investment in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and $14.9 million related to the joint venture with</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> PAO</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Severstal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Severstal</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Dividends and distributions declared</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Related to Ternium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. During </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">68.8</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">66.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> were collected</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 10pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Acquisition of non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">: </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">R</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">elated to the investment in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Decrease due to step-acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">:</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">R</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">elated to GPC acquisition. For more information see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>34</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The principal </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">non-consolidated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> companies are:</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 125px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> % ownership at December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 20px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Book value at December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Country of incorporation </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 29%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">a) Ternium </span><span style="font-size: 8pt; line-height: inherit;"><sup><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(*)</span></sup></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 30%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Luxembourg </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 11.46% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 7%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 11.46% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,430,616 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,363,607 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">b) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span> <span style="font-size: 8pt; line-height: inherit;"><sup><span>(**)</span></sup></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Brazil </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span style="display: inline;">3.96</span>% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3.07% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 123,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 109,534 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> c) Techgen </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Mexico </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 22.00% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 22.00% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 53,556 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 41,506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">d) Global Pipe Company </span><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit;">(***)</span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Saudi Arabia </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 57.30% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 35.00% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 23,022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Others </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 978 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,977 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,608,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,540,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"><sup>(*)</sup><span><span style="font-size: 9pt;">Including treasury shares.</span></span><br/></span><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"><sup>(**)</sup><span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="font-size: 9pt;">At December 31, 2023 the voting rights were 6.76% and at December 31, 2022 were 5.19%.</span></span></span></span></span></span><br/><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"><sup>(***)</sup><span><span style="font-size: 9pt;">Consolidated as from May 17, 2023.</span></span></span></p> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">a) Ternium</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Ternium</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> is a steel producer with production facilities in Mexico,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Brazil, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Argentina, Colombia,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the Southern</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Un</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ited States and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Central America</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> is <span>one</span> of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> main suppliers of round steel bars and flat steel products for its pipes business.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">At December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the closing price of Ternium’s ADSs as quoted on the New York </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Stock Exchange was</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">42.47</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">per ADS, giving </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> ownership stake a ma</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">rket value of approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">975.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">t December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the carrying value of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> ownership stake in Ternium, based on Ternium’s IFRS </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Financial S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ta</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">tements,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> was approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1,430.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> The Company reviews its participation in Ternium whenever events or circumstances indicate that the asset’s carrying amount may not be recoverable</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the Company concluded that</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the carrying amount does not exceed the recoverable value of the investment.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Summarized selected financial information of Ternium, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows:</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 234px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Ternium </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 12,148,560 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,647,510 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 12,030,544 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,844,038 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 24,179,104 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 17,491,548 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,566,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,506,325 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,800,602 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,216,832 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,367,245 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 3,723,157 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 16,811,859 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 13,768,391 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,393,264 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,922,434 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Revenues </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 17,610,092 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 16,414,466 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Gross profit </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,559,355 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,927,184 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to shareholders' equity </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 676,043 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,767,516 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">b) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: normal; line-height: inherit;">Usiminas</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> is a Brazilian producer of high quality flat steel products used in the energy, automotive and other industries.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">At</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the closing price of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">’ ordinary and preferred shares, as quoted on the B<span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Brasil</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Bolsa </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Balcão</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> S.A</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, was </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">BRL</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">9.20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> ($</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1.90</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">) and BRL</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">9.29</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> ($</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1.92</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">), respectively, giving Tenaris’s ownership stake a market value of approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">92.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. As</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> that date, the carrying value of Tenaris’s ownership stake in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> was </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">123.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million.</span></p> <p style="line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Following the acquisition of shares referred to in note II.B.<span>2</span>).b) and considering the carrying value of the previously held interest, the price</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> paid for the acquisition </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the additional</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> shares and the fair value measurement of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> shares </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">(</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">conducted at the T/T Group</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> level)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the Company recorded a net loss of $25.5 million included in Equity in (losses) earnings of non-consolidated companies in the Consolidated Income Statement.</span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company reviews its participation in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> whenever events or circumstances indicate that the asset’s carrying amount may not be recoverable. As of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">December</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span>2023</span>, the Company concluded that the carrying amount did not exceed the recoverable value of the investment.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Summarized selected financial information of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">:</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 220px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Usiminas </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Non-current assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,591,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,764,453 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,589,129 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3,901,844 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 8,180,892 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,666,297 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Non-current liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,672,676 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,671,249 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,139,031 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,033,524 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,811,706 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,704,773 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total equity </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 5,369,186 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 4,961,524 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Non-controlling interests </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 556,418 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 523,741 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Revenues </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,531,985 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,296,964 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Gross profit </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 357,845 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,110,439 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Net income for the year attributable to shareholders' equity </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 278,402 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 319,979 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify; text-indent: 36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">c) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Techgen</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> is a Mexican company that operates a natural gas-fired combined cycle electric power plant in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Pesquería</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> area of the State of Nuevo León, Mexico, with a power capacity of <span>900</span> megawatts. As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, Tenaris held 22% of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> share capital, and its affiliates, Ternium and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tecpetrol</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (both controlled by San Faustin), </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">beneficially owned</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 48% and 30% respectively.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the carrying value of Tenaris’s ownership stake in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> was approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">53.6</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;"> entered into certain transportation capacity agreements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;"> and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;"> an agreement for the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">purchase of clean energy certificates. As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">, Tenaris’s exposure under these agreements </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">39.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;"> million</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">16.9</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: normal; line-height: inherit;">million respectively.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> sponsors granted certain subordinated loans to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the aggregate outstanding principal amount under these subordinated loans </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">was $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">281.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, of which $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">61.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million correspond to Tenaris’s contribution.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On February 13, 2019, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> entered into a $640 million syndicated loan agreement with several banks to refinance an existing loan, resulting in the release of certain corporate guarantees previously issued by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> shareholders to secure the replaced facility.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The existing syndicated loan agreement is “non-recourse” on the sponsors. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> obligations thereunder are guaranteed by a Mexican security trust (covering shares, assets, accounts and contract rights), account pledges and certain direct agreements –customary for these type of transactions–. The commercial terms and conditions governing the purchase by the Company’s Mexican subsidiary, Tamsa, of 22% of the energy generated by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> remain substantially unchanged.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Under the loan agreement, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> is committed to maintain a debt service reserve account covering debt service becoming due during <span>two</span> consecutive quarters; such account is funded by stand-by letters of credit issued for the account of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> sponsors in proportion to their respective participations in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. Accordingly, the Company applied for stand-by letters of credit covering 22% of the debt service coverage ratio, which as of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">10.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">d)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">GPC</span></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 42.55pt; text-align: justify; text-indent: -14.2pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify; font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">GPC is a joint venture established in <span>2010</span> and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Until May 16, 2023, Tenaris, through its subsidiary SSPC, owned 35% of the share capital of GPC and, accordingly, GPC was a non-consolidated company. On May 17, 2023, SSPC acquired an additional 22.3% interest in GPC reaching a participation of 57.3%. The Company consolidates GPC’s balances and results of operations as from May 17, 2023. For more information on GPC acquisition and its accounting treatment see </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">note</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>34</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">“Business Combinations - </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Global Pipe Company acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”. </span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Unconsolidated Structured Entities Explanatory
DisclosureOfUnconsolidatedStructuredEntitiesExplanatory
|
<div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 190px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 74.4898%; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 24.1983%; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.02041%; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 74.4898%; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,540,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 2.18659%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 9.91254%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,383,774 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.02041%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 110,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 7,336 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Equity in earnings of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 79,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 242,743 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Impairment loss in non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (34,041 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Dividends and distributions declared </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (69,216 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (64,189 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; background-color: #cceeff;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Acquisition of non-consolidated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 22,661 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Decrease due to step-acquisition </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (23,453 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (Decrease) / increase in equity reserves and others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (52,046 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 74.4898%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,608,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 2.18659%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.91254%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,540,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.02041%; height: 17px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff;"><br/></td> </tr> </tbody> </table> </div> | |
| CY2022Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1540646000 | usd |
| CY2021Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1383774000 | usd |
| CY2023 | ts |
Other Comprehensive Income Loss Net Of Tax Exchange Differences On Translation Attributable To Nonconsolidated Companies
OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies
|
-110801000 | usd |
| CY2022 | ts |
Other Comprehensive Income Loss Net Of Tax Exchange Differences On Translation Attributable To Nonconsolidated Companies
OtherComprehensiveIncomeLossNetOfTaxExchangeDifferencesOnTranslationAttributableToNonconsolidatedCompanies
|
-7336000 | usd |
| CY2023 | ts |
Income Loss From Equity Method Investments In Nonconsolidated Companies
IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies
|
79411000 | usd |
| CY2022 | ts |
Income Loss From Equity Method Investments In Nonconsolidated Companies
IncomeLossFromEquityMethodInvestmentsInNonconsolidatedCompanies
|
242743000 | usd |
| CY2023 | ts |
Impairment Loss Recognised In Profit Or Loss In Nonconsolidated Companies
ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies
|
usd | |
| CY2022 | ts |
Impairment Loss Recognised In Profit Or Loss In Nonconsolidated Companies
ImpairmentLossRecognisedInProfitOrLossInNonconsolidatedCompanies
|
34041000 | usd |
| CY2023 | ts |
Dividends Declared By Nonconsolidated Companies
DividendsDeclaredByNonconsolidatedCompanies
|
69216000 | usd |
| CY2022 | ts |
Dividends Declared By Nonconsolidated Companies
DividendsDeclaredByNonconsolidatedCompanies
|
64189000 | usd |
| CY2023 | ts |
Investments In Subsidiaries Joint Ventures And Associates Increase Due To Business Combinations
InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations
|
22661000 | usd |
| CY2022 | ts |
Investments In Subsidiaries Joint Ventures And Associates Increase Due To Business Combinations
InvestmentsInSubsidiariesJointVenturesAndAssociatesIncreaseDueToBusinessCombinations
|
usd | |
| CY2023 | ts |
Investments In Subsidiaries Joint Ventures And Associates Decrease Due To Step Acquisition
InvestmentsInSubsidiariesJointVenturesAndAssociatesDecreaseDueToStepAcquisition
|
-23453000 | usd |
| CY2022 | ts |
Investments In Subsidiaries Joint Ventures And Associates Decrease Due To Step Acquisition
InvestmentsInSubsidiariesJointVenturesAndAssociatesDecreaseDueToStepAcquisition
|
usd | |
| CY2023 | ts |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method Including Dividends Declared Net Of Tax
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax
|
-52046000 | usd |
| CY2022 | ts |
Share Of Other Comprehensive Income Of Associates And Joint Ventures Accounted For Using Equity Method Including Dividends Declared Net Of Tax
ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodIncludingDividendsDeclaredNetOfTax
|
5023000 | usd |
| CY2023Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1608804000 | usd |
| CY2022Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1540646000 | usd |
| CY2023Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1608804000 | usd |
| CY2022Q4 | ifrs-full |
Investments In Subsidiaries Joint Ventures And Associates
InvestmentsInSubsidiariesJointVenturesAndAssociates
|
1540646000 | usd |
| CY2023Q4 | ts |
Noncurrent Receivables Employee Advances And Loans
NoncurrentReceivablesEmployeeAdvancesAndLoans
|
7395000 | usd |
| CY2022Q4 | ts |
Noncurrent Receivables Employee Advances And Loans
NoncurrentReceivablesEmployeeAdvancesAndLoans
|
11908000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Receivables From Taxes Other Than Income Tax
NoncurrentReceivablesFromTaxesOtherThanIncomeTax
|
53483000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Receivables From Taxes Other Than Income Tax
NoncurrentReceivablesFromTaxesOtherThanIncomeTax
|
27333000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Receivables Due From Related Parties
NoncurrentReceivablesDueFromRelatedParties
|
69820000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Receivables Due From Related Parties
NoncurrentReceivablesDueFromRelatedParties
|
67921000 | usd |
| CY2023Q4 | ts |
Non Current Legal Deposits
NonCurrentLegalDeposits
|
9355000 | usd |
| CY2022Q4 | ts |
Non Current Legal Deposits
NonCurrentLegalDeposits
|
9394000 | usd |
| CY2023Q4 | ts |
Noncurrent Receivables Advances To Suppliers And Other Advances
NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances
|
27043000 | usd |
| CY2022Q4 | ts |
Noncurrent Receivables Advances To Suppliers And Other Advances
NoncurrentReceivablesAdvancesToSuppliersAndOtherAdvances
|
28779000 | usd |
| CY2023Q4 | ts |
Noncurrent Receivables From Interest In Venezuelan Companies
NoncurrentReceivablesFromInterestInVenezuelanCompanies
|
usd | |
| CY2022Q4 | ts |
Noncurrent Receivables From Interest In Venezuelan Companies
NoncurrentReceivablesFromInterestInVenezuelanCompanies
|
48659000 | usd |
| CY2023Q4 | ifrs-full |
Other Noncurrent Receivables
OtherNoncurrentReceivables
|
18863000 | usd |
| CY2022Q4 | ifrs-full |
Other Noncurrent Receivables
OtherNoncurrentReceivables
|
17726000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Receivables
NoncurrentReceivables
|
185959000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Receivables
NoncurrentReceivables
|
211720000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Inventories Explanatory
DisclosureOfInventoriesExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt; font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold;"><span><span style="border-left: none; border-right: none;"><span><span><b style="color: #003366; font-size: 10pt;">16</b><span> </span></span></span></span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #003366; font-weight: bold;">Inventories</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; color: #003366; font-weight: bold;">, net</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 160px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 20px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 20px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 77%; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Finished goods </span></p> </td> <td style="padding: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,401,754 </span></p> </td> <td style="padding: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 10%; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,592,706 </span></p> </td> <td style="padding: 0px; width: 1%; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Goods in process </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,068,956 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 936,555 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Raw materials </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 569,837 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 606,977 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Supplies </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 648,443 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 542,636 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: bottom; height: 17px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Goods in transit </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 441,217 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 530,721 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,130,207 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,209,595 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; height: 10px; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 11px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: bottom; height: 11px;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Allowance for obsolescence, see note <span>25</span> (i) </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 11px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (209,110 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 11px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 11px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 11px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (222,666 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 11px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;" valign="bottom"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,921,097 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,986,929 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"></td> </tr> </tbody> </table> | |
| CY2023Q4 | ifrs-full |
Finished Goods
FinishedGoods
|
1401754000 | usd |
| CY2022Q4 | ifrs-full |
Finished Goods
FinishedGoods
|
1592706000 | usd |
| CY2023Q4 | ifrs-full |
Work In Progress
WorkInProgress
|
1068956000 | usd |
| CY2022Q4 | ifrs-full |
Work In Progress
WorkInProgress
|
936555000 | usd |
| CY2023Q4 | ifrs-full |
Raw Materials
RawMaterials
|
569837000 | usd |
| CY2022Q4 | ifrs-full |
Raw Materials
RawMaterials
|
606977000 | usd |
| CY2023Q4 | ifrs-full |
Production Supplies
ProductionSupplies
|
648443000 | usd |
| CY2022Q4 | ifrs-full |
Production Supplies
ProductionSupplies
|
542636000 | usd |
| CY2023Q4 | ifrs-full |
Current Inventories In Transit
CurrentInventoriesInTransit
|
441217000 | usd |
| CY2022Q4 | ifrs-full |
Current Inventories In Transit
CurrentInventoriesInTransit
|
530721000 | usd |
| CY2023Q4 | ts |
Inventories Gross
InventoriesGross
|
4130207000 | usd |
| CY2022Q4 | ts |
Inventories Gross
InventoriesGross
|
4209595000 | usd |
| CY2023Q4 | ts |
Inventories Allowance For Obsolescence
InventoriesAllowanceForObsolescence
|
209110000 | usd |
| CY2022Q4 | ts |
Inventories Allowance For Obsolescence
InventoriesAllowanceForObsolescence
|
222666000 | usd |
| CY2023Q4 | ifrs-full |
Inventories
Inventories
|
3921097000 | usd |
| CY2022Q4 | ifrs-full |
Inventories
Inventories
|
3986929000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Prepayments And Other Assets Explanatory
DisclosureOfPrepaymentsAndOtherAssetsExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.25pt; text-indent: -21.25pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">17 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Receivables and prepayments</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">, net</span></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 197px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; width: 77%; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Prepaid expenses and other receivables</span></p> </td> <td style="padding: 0px; background-color: #cceeff; width: 10%; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 104,015 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; width: 1%; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; width: 1%; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; width: 10%; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 47,419 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; width: 1%; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Government entities </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,330 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 18,121 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Employee advances and loans </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,316 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,701 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Advances to suppliers and other advances </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 48,455 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 41,549 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Government tax refunds on exports </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,210 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8,898 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables from related parties </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,759 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 19,184 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Others </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 50,173 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 41,418 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 232,258 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 187,290 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Allowance for other doubtful accounts, see note <span>25</span> (i) </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,439 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom">)</td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (3,479 </span></p> </td> <td style="padding: 0px; background-color: #cceeff; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom">)</td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 228,819 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 183,811 </span></p> </td> <td style="padding: 0px; height: 17px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"></td> </tr> </tbody> </table> | |
| CY2022Q4 | ifrs-full |
Current Value Added Tax Receivables
CurrentValueAddedTaxReceivables
|
218009000 | usd |
| CY2023Q4 | ts |
Current Prepaid Taxes
CurrentPrepaidTaxes
|
1172000 | usd |
| CY2022Q4 | ts |
Current Prepaid Taxes
CurrentPrepaidTaxes
|
315000 | usd |
| CY2023Q4 | ifrs-full |
Current Tax Assets Current
CurrentTaxAssetsCurrent
|
256401000 | usd |
| CY2022Q4 | ifrs-full |
Current Tax Assets Current
CurrentTaxAssetsCurrent
|
243136000 | usd |
| CY2023Q4 | ts |
Current Receivables And Prepayments Prepaid Expenses And Other Receivables
CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables
|
104015000 | usd |
| CY2022Q4 | ts |
Current Receivables And Prepayments Prepaid Expenses And Other Receivables
CurrentReceivablesAndPrepaymentsPrepaidExpensesAndOtherReceivables
|
47419000 | usd |
| CY2023Q4 | ts |
Current Receivables And Prepayments Government Entities
CurrentReceivablesAndPrepaymentsGovernmentEntities
|
1330000 | usd |
| CY2022Q4 | ts |
Current Receivables And Prepayments Government Entities
CurrentReceivablesAndPrepaymentsGovernmentEntities
|
18121000 | usd |
| CY2023Q4 | ts |
Current Receivables And Prepayments Employee Advances And Loans
CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans
|
14316000 | usd |
| CY2022Q4 | ts |
Current Receivables And Prepayments Employee Advances And Loans
CurrentReceivablesAndPrepaymentsEmployeeAdvancesAndLoans
|
10701000 | usd |
| CY2023Q4 | ts |
Current Receivables And Prepayments Advances To Suppliers And Other Advances
CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances
|
48455000 | usd |
| CY2022Q4 | ts |
Current Receivables And Prepayments Advances To Suppliers And Other Advances
CurrentReceivablesAndPrepaymentsAdvancesToSuppliersAndOtherAdvances
|
41549000 | usd |
| CY2023Q4 | ifrs-full |
Current Receivables From Taxes Other Than Income Tax
CurrentReceivablesFromTaxesOtherThanIncomeTax
|
8210000 | usd |
| CY2022Q4 | ifrs-full |
Current Receivables From Taxes Other Than Income Tax
CurrentReceivablesFromTaxesOtherThanIncomeTax
|
8898000 | usd |
| CY2023Q4 | ts |
Current Receivables And Prepayments Receivables From Related Parties
CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties
|
5759000 | usd |
| CY2022Q4 | ts |
Current Receivables And Prepayments Receivables From Related Parties
CurrentReceivablesAndPrepaymentsReceivablesFromRelatedParties
|
19184000 | usd |
| CY2023Q4 | ifrs-full |
Other Current Receivables
OtherCurrentReceivables
|
50173000 | usd |
| CY2022Q4 | ifrs-full |
Other Current Receivables
OtherCurrentReceivables
|
41418000 | usd |
| CY2023Q4 | ts |
Current Receivables And Prepayments Gross
CurrentReceivablesAndPrepaymentsGross
|
232258000 | usd |
| CY2022Q4 | ts |
Current Receivables And Prepayments Gross
CurrentReceivablesAndPrepaymentsGross
|
187290000 | usd |
| CY2023Q4 | ts |
Current Allowance For Other Doubtful Accounts
CurrentAllowanceForOtherDoubtfulAccounts
|
3439000 | usd |
| CY2022Q4 | ts |
Current Allowance For Other Doubtful Accounts
CurrentAllowanceForOtherDoubtfulAccounts
|
3479000 | usd |
| CY2023Q4 | ifrs-full |
Current Prepayments And Other Current Assets
CurrentPrepaymentsAndOtherCurrentAssets
|
228819000 | usd |
| CY2022Q4 | ifrs-full |
Current Prepayments And Other Current Assets
CurrentPrepaymentsAndOtherCurrentAssets
|
183811000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Tax Receivables And Payables Explanatory
DisclosureOfTaxReceivablesAndPayablesExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.25pt; text-indent: -21.25pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><b>18 </b></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; text-indent: -21.3pt; color: #003366; font-weight: bold; line-height: inherit;">Current tax assets</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; text-indent: -21.3pt; color: #003366; font-weight: bold; line-height: inherit;"> and liabilities</span></p> <div style="font-family: 'times new roman', times; font-size: 10pt; border-left: none; border-right: none;"> <p style="line-height: 1.2; margin: 0pt;"> </p> <table cellpadding="0" cellspacing="0" style="height: 81px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt; line-height: inherit;"> </span></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> Current tax assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 77%;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Income tax assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 122,257 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 24,812 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> V.A.T. credits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 132,972 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 218,009 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom; background-color: #cceeff;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other prepaid taxes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,172 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 315 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 256,401 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 243,136 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <br/> <table cellpadding="0" cellspacing="0" style="height: 82px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%;" width="100%"> <tbody style="margin: 0px; text-indent: 0px;"> <tr style="height: 11px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 11px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: left; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 11px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Current tax liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Income tax liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 344,565 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 280,469 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> V.A.T. liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 60,047 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 17,228 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other taxes </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 83,665 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 78,543 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 488,277 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 376,240 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td> </tr> </tbody> </table> </div> | |
| CY2023Q4 | ts |
Current Income Tax Assets
CurrentIncomeTaxAssets
|
122257000 | usd |
| CY2022Q4 | ts |
Current Income Tax Assets
CurrentIncomeTaxAssets
|
24812000 | usd |
| CY2023Q4 | ifrs-full |
Current Value Added Tax Receivables
CurrentValueAddedTaxReceivables
|
132972000 | usd |
| CY2023Q4 | ts |
Current Income Tax Liabilities
CurrentIncomeTaxLiabilities
|
344565000 | usd |
| CY2022Q4 | ts |
Current Income Tax Liabilities
CurrentIncomeTaxLiabilities
|
280469000 | usd |
| CY2023Q4 | ifrs-full |
Current Value Added Tax Payables
CurrentValueAddedTaxPayables
|
60047000 | usd |
| CY2022Q4 | ifrs-full |
Current Value Added Tax Payables
CurrentValueAddedTaxPayables
|
17228000 | usd |
| CY2023Q4 | ts |
Current Other Tax Liabilities
CurrentOtherTaxLiabilities
|
83665000 | usd |
| CY2022Q4 | ts |
Current Other Tax Liabilities
CurrentOtherTaxLiabilities
|
78543000 | usd |
| CY2023Q4 | ifrs-full |
Current Tax Liabilities Current
CurrentTaxLiabilitiesCurrent
|
488277000 | usd |
| CY2022Q4 | ifrs-full |
Current Tax Liabilities Current
CurrentTaxLiabilitiesCurrent
|
376240000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Trade And Other Receivables Explanatory
DisclosureOfTradeAndOtherReceivablesExplanatory
|
<div style="border-left: none; border-right: none;"> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">19 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Trade receivables, net</span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 98px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;"> </span></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px;text-align: center;padding-left: 0px;padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Year ended December 31,</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 77%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current accounts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,471,565 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,479,035 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Receivables from related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 58,370 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 60,400 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,529,935 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,539,435 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Allowance for doubtful accounts, see note <span>25</span> (i) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (49,046 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (45,495 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The following table sets forth details </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the aging</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of trade receivables:</span></p> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 129px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 14px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2023 </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 24px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Trade Receivables </span></p> </td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 24px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 24px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;"><br/></td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 24px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Not Due </span></p> </td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 24px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 24px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Past due </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 14px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>1</span> - <span>180</span> days </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> > <span>180</span> days </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 53%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Guaranteed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 261,113 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 236,714 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 23,991 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 408 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Not guaranteed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,268,822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,613,626 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 590,236 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 64,960 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Guaranteed and not guaranteed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,529,935 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,850,340 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 614,227 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 65,368 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Expected loss rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.06</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.02</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.18</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.46</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Allowance for doubtful accounts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,636 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (312 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,249 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (75 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Nominative allowance for doubtful accounts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (47,410 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> -</span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (748 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (46,662 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net Value </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,480,889 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,850,028 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 612,230 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 18,631 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 134px; border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Trade Receivables </span></p> </td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;"><br/></td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Not Due </span></p> </td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; border-right-width: 1px; border-right-style: solid; border-right-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Past due </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>1</span> - <span>180</span> days </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> > <span>180</span> days </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 53%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Guaranteed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 265,898 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 237,784 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 27,431 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 683 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Not guaranteed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,273,537 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,756,707 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 465,423 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 51,407 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Guaranteed and not guaranteed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,539,435 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,994,491 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 492,854 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 52,090 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Expected loss rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.06</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.03</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.18</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0.77</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: right; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">%</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Allowance for doubtful accounts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,657 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (920 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (83 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><span style="font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Nominative allowance for doubtful accounts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (43,838 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"> -</span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,541 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (42,297 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> </tr> <tr style="height: 19px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 19px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net Value </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 2,493,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,993,837 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 490,393 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 9,710 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 19px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Trade receivables are mainly denominated in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">U.S. dollars.</span></p> </div> | |
| CY2023Q4 | ts |
Current Trade Receivables Current Accounts
CurrentTradeReceivablesCurrentAccounts
|
2471565000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Current Accounts
CurrentTradeReceivablesCurrentAccounts
|
2479035000 | usd |
| CY2023Q4 | ifrs-full |
Trade And Other Current Receivables Due From Related Parties
TradeAndOtherCurrentReceivablesDueFromRelatedParties
|
58370000 | usd |
| CY2022Q4 | ifrs-full |
Trade And Other Current Receivables Due From Related Parties
TradeAndOtherCurrentReceivablesDueFromRelatedParties
|
60400000 | usd |
| CY2023Q4 | ts |
Current Trade Receivables Gross
CurrentTradeReceivablesGross
|
2529935000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Gross
CurrentTradeReceivablesGross
|
2539435000 | usd |
| CY2023Q4 | ts |
Current Trade Receivables Allowance For Doubtful Accounts
CurrentTradeReceivablesAllowanceForDoubtfulAccounts
|
49046000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Allowance For Doubtful Accounts
CurrentTradeReceivablesAllowanceForDoubtfulAccounts
|
45495000 | usd |
| CY2023Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2480889000 | usd |
| CY2022Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2493940000 | usd |
| CY2023Q4 | ts |
Current Trade Receivables Guaranteed
CurrentTradeReceivablesGuaranteed
|
261113000 | usd |
| CY2023Q4 | ts |
Current Trade Receivables Not Guaranteed
CurrentTradeReceivablesNotGuaranteed
|
2268822000 | usd |
| CY2023Q4 | ts |
Current Trade Receivables Gross
CurrentTradeReceivablesGross
|
2529935000 | usd |
| CY2023Q4 | ts |
Current Trade Receivables Expected Loss Rate
CurrentTradeReceivablesExpectedLossRate
|
0.0006 | pure |
| CY2023Q4 | ts |
Allowance For Doubtful Accounts Net Of Nominative Allowances
AllowanceForDoubtfulAccountsNetOfNominativeAllowances
|
1636000 | usd |
| CY2023Q4 | ts |
Current Trade Receivables Nominative Allowances For Doubtful Accounts
CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts
|
47410000 | usd |
| CY2023Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2480889000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Guaranteed
CurrentTradeReceivablesGuaranteed
|
265898000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Not Guaranteed
CurrentTradeReceivablesNotGuaranteed
|
2273537000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Gross
CurrentTradeReceivablesGross
|
2539435000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Expected Loss Rate
CurrentTradeReceivablesExpectedLossRate
|
0.0006 | pure |
| CY2022Q4 | ts |
Allowance For Doubtful Accounts Net Of Nominative Allowances
AllowanceForDoubtfulAccountsNetOfNominativeAllowances
|
1657000 | usd |
| CY2022Q4 | ts |
Current Trade Receivables Nominative Allowances For Doubtful Accounts
CurrentTradeReceivablesNominativeAllowancesForDoubtfulAccounts
|
43838000 | usd |
| CY2022Q4 | ifrs-full |
Current Trade Receivables
CurrentTradeReceivables
|
2493940000 | usd |
| CY2023Q4 | ifrs-full |
Balances With Banks
BalancesWithBanks
|
370487000 | usd |
| CY2022Q4 | ifrs-full |
Balances With Banks
BalancesWithBanks
|
149424000 | usd |
| CY2023Q4 | ifrs-full |
Shortterm Deposits Classified As Cash Equivalents
ShorttermDepositsClassifiedAsCashEquivalents
|
223424000 | usd |
| CY2022Q4 | ifrs-full |
Shortterm Deposits Classified As Cash Equivalents
ShorttermDepositsClassifiedAsCashEquivalents
|
422859000 | usd |
| CY2023Q4 | ifrs-full |
Shortterm Investments Classified As Cash Equivalents
ShorttermInvestmentsClassifiedAsCashEquivalents
|
1043910000 | usd |
| CY2022Q4 | ifrs-full |
Shortterm Investments Classified As Cash Equivalents
ShorttermInvestmentsClassifiedAsCashEquivalents
|
519244000 | usd |
| CY2023Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1637821000 | usd |
| CY2022Q4 | ifrs-full |
Cash And Cash Equivalents
CashAndCashEquivalents
|
1091527000 | usd |
| CY2023Q4 | ts |
Other Investments Current Fixed Income
OtherInvestmentsCurrentFixedIncome
|
896166000 | usd |
| CY2022Q4 | ts |
Other Investments Current Fixed Income
OtherInvestmentsCurrentFixedIncome
|
196152000 | usd |
| CY2023Q4 | ts |
Other Investments Current Bonds And Other Fixed Income
OtherInvestmentsCurrentBondsAndOtherFixedIncome
|
834281000 | usd |
| CY2022Q4 | ts |
Other Investments Current Bonds And Other Fixed Income
OtherInvestmentsCurrentBondsAndOtherFixedIncome
|
211953000 | usd |
| CY2023Q4 | ts |
Other Investments Current Fund Investments
OtherInvestmentsCurrentFundInvestments
|
239184000 | usd |
| CY2022Q4 | ts |
Other Investments Current Fund Investments
OtherInvestmentsCurrentFundInvestments
|
30343000 | usd |
| CY2023Q4 | ifrs-full |
Current Investments
CurrentInvestments
|
1969631000 | usd |
| CY2022Q4 | ifrs-full |
Current Investments
CurrentInvestments
|
438448000 | usd |
| CY2023Q4 | ts |
Other Investments Noncurrent Bonds And Other Fixed Income
OtherInvestmentsNoncurrentBondsAndOtherFixedIncome
|
398220000 | usd |
| CY2022Q4 | ts |
Other Investments Noncurrent Bonds And Other Fixed Income
OtherInvestmentsNoncurrentBondsAndOtherFixedIncome
|
113574000 | usd |
| CY2023Q4 | ts |
Other Investments Noncurrent Others
OtherInvestmentsNoncurrentOthers
|
7411000 | usd |
| CY2022Q4 | ts |
Other Investments Noncurrent Others
OtherInvestmentsNoncurrentOthers
|
6328000 | usd |
| CY2023Q4 | ifrs-full |
Noncurrent Investments Other Than Investments Accounted For Using Equity Method
NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
405631000 | usd |
| CY2022Q4 | ifrs-full |
Noncurrent Investments Other Than Investments Accounted For Using Equity Method
NoncurrentInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethod
|
119902000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Borrowings Explanatory
DisclosureOfBorrowingsExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">21 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Borrowings</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 166px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 77%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Non-current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bank borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 48,304 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 48,304 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 46,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bank borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 513,909 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 682,255 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bank overdrafts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,224 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 94 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Costs of issue of debt </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (20 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 535,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 682,329 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total Borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin:0pt"><br/></p> <div> </div> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The maturity of borrowings is as follows:</span></p> <p style="margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div> <table cellpadding="0" cellspacing="0" style="height: 81px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>1</span> year or less </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>1</span> - <span>2</span> years </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2</span> – <span>3</span> years </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Over <span>3</span> years </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 535,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 535,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 46,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interest to be accrued </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10,510 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,533 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 283 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14,326 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 545,643 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 50,337 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,783 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 597,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 95px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>1</span> year or less </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>1</span> - <span>2</span> years </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2</span> – <span>3</span> years </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Over <span>3</span> years </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 41%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 682,329 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 41,933 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,000 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 682,329 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 41,933 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,000 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Interest to be accrued <sup>(*)</sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 26,153 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 821 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 64 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 8 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 27,046 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 708,482 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 42,754 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,064 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,508 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 755,808 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="background-color: #ffffff; line-height: 9pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; font-size: 8pt;">(*)</span><span><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;"> Includes the effect of hedge accounting</span><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt;">.</span></span></span></p> </div> <p style="margin:0pt"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Significant borrowings include:</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 88px; width: 100%;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> In millions of U.S. dollars </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Disbursement date </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Borrower </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Type </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Final maturity </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Outstanding </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 52%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 18%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Tubos de Acero de Mexico S.A. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bilateral </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2024</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 200 </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Tenaris Tubocaribe Ltda. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bilateral </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2024</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 60 </span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Confab Industrial S.A. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bilateral </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2024</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 40 </span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2017</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Global Pipe Company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bilateral </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> <span>2024</span> / <span>2025</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 39 </span></p> </td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As of December 31, 2023, Tenaris was in compliance with all of its covenants, or obtained the necessary wa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">vers from the applicable financial institution if the covenants were not met.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The weighted average interest rates before tax shown below were calculated using the rates set for each instrument in its corresponding currency as of December 31, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">considering hedge accounting</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> where applicable</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 27px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Total borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 10.56% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9.45% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <div> </div> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Breakdown of long-term borrowings by currency and rate is as follows:</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Non-current borrowings</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 98px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Currency </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Interest rates </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 57%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 20%; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Variable </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,000 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,000 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> SAR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Fixed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 23,803 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 18,933 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> SAR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Variable </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,501 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,500 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total non-current borrowings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 48,304 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 46,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Current</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> borrowings</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 176px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Currency </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Interest rates </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 57%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 20%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Variable </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 221,008 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 200,350 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Fixed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 111,654 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 206,336 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> BRL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Variable </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 39,947 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> EUR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Fixed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 25,104 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 26,829 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> MXN </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Fixed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 141,802 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> ARS </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Fixed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 23,462 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 74,025 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> SAR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Variable </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,035 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> SAR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Fixed </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 110,923 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 29,964 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total current borrowings </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 535,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 682,329 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Borrowing</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;"> evolution</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <div> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Non-current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 682,329 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 45 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (74,851 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Proceeds and repayments, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 20,000 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (231,797 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interests accrued less payments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2,702 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Reclassifications </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (18,185 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><span style="font-size: 10pt;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 18,185 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <sup>(*)</sup></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 122,839 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Overdrafts variation </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,130 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 48,304 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 535,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-indent: 0pt;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; font-size: 8pt;">(*) </span><span><span style="font-family: 'Frutiger 45 Light';">Related to the </span><span style="font-family: 'Frutiger 45 Light';">GPC</span><span style="font-family: 'Frutiger 45 Light';"> acquisition, for more information see </span><span style="font-family: 'Frutiger 45 Light';">note 34</span> <span style="font-family: 'Frutiger 45 Light';">to these Consolidated Financial Statements.</span></span></span></p> </div> | |
| CY2023 | ifrs-full |
Disclosure Of Detailed Information About Borrowings Explanatory
DisclosureOfDetailedInformationAboutBorrowingsExplanatory
|
<table cellpadding="0" cellspacing="0" style="height: 166px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 77%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Non-current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bank borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 48,304 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 46,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 48,304 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 46,433 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Current </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bank borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 513,909 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 682,255 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Bank overdrafts </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 21,224 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 94 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Costs of issue of debt </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (20 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-size: 10pt;">)</span></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 535,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 682,329 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total Borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 583,437 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 728,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> | |
| CY2023Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
48304000 | usd |
| CY2022Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
46433000 | usd |
| CY2023Q4 | ts |
Current Costs Of Issue Of Debt
CurrentCostsOfIssueOfDebt
|
usd | |
| CY2022Q4 | ts |
Current Costs Of Issue Of Debt
CurrentCostsOfIssueOfDebt
|
20000 | usd |
| CY2023Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
535133000 | usd |
| CY2022Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
682329000 | usd |
| CY2023Q4 | ifrs-full |
Borrowings
Borrowings
|
583437000 | usd |
| CY2022Q4 | ifrs-full |
Borrowings
Borrowings
|
728762000 | usd |
| CY2023Q4 | ifrs-full |
Borrowings
Borrowings
|
583437000 | usd |
| CY2023Q4 | ifrs-full |
Interest Payable
InterestPayable
|
14326000 | usd |
| CY2023Q4 | ts |
Borrowings Including Interest To Be Accrued
BorrowingsIncludingInterestToBeAccrued
|
597763000 | usd |
| CY2022Q4 | ifrs-full |
Borrowings
Borrowings
|
728762000 | usd |
| CY2022Q4 | ifrs-full |
Interest Payable
InterestPayable
|
27046000 | usd |
| CY2022Q4 | ts |
Borrowings Including Interest To Be Accrued
BorrowingsIncludingInterestToBeAccrued
|
755808000 | usd |
| CY2023Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
48304000 | usd |
| CY2023Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
535133000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Deferred Taxes Explanatory
DisclosureOfDeferredTaxesExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">22</span></span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Deferred </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">tax</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> assets and liabilities</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred income taxes are calculated in full on temporary differences under the liability method using the tax rate of each country.</span></p> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">evolution of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> deferred tax assets and liabilities</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">during the year </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">is</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> as follows:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold;">Deferred tax liabilities</span></p> <p style="margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 105px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Fixed assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Inventories </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Intangible assets and other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 53%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 575,667 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 43,532 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 114,542 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 733,741 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 41 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 113 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 397 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 551 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,175 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,563 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,498 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 17,236 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Charged to other comprehensive income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 138 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 138 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Income statement charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 38,991 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 63,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 39,627 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 141,745 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, 2023 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 618,874 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 114,335 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 160,202 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 893,411 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 95px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; line-height: 1.2;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fixed assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Inventories </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Intangible assets and other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 53%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 669,830 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 27,508 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 104,346 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 801,684 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (64 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 15 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 600 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 551 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Charged to other comprehensive income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,719 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,719 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Income statement (credit) / charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (94,099 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 16,009 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 7,877 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (70,213 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 575,667 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 43,532 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 114,542 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 733,741 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> </tbody> </table> </div> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Deferred tax assets</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 98px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Provisions and allowances </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Inventories </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tax losses </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p> </td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding: 0px; vertical-align: middle; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 41%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (25,817 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (180,152 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (310,589 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (156,984 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (673,542 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (6 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (24 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (611 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (640 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations </span><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; vertical-align: super; line-height: inherit;">(*)</span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,374 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (223 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,875 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (35,941 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (39,413 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Charged to other comprehensive income </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,342 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,342 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Income statement (credit) / charge </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,314 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (18,620 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (322,431 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 9,881 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (335,484 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2023 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (31,511</span></span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (199,019</span></span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; font-weight: bold;"> (634,894 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (185,997</span></span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,051,421 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 92px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; line-height: 1.2; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Provisions and allowances </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Inventories </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Tax losses </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 10px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 41%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (25,083 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (85,037 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (485,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (176,627 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (772,510 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (345 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 114 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 747 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (245 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 271 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Charged to other comprehensive income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 954 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 954 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Income statement charge / (credit) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (389 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (95,229 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 174,427 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 18,934 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 97,743 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 14px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 14px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At December 31, 2022 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (25,817 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (180,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; font-weight: bold;"> (310,589</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (156,984 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (673,542 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 14px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super; line-height: inherit;"><span style="font-size: 8pt;">(*)</span> </span><span><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="font-size: 9pt; line-height: 1.2; margin: 10pt 0pt; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; border-right: none; border-left: none;">Related to the GPC, Isoplus anticorrosion coating division and Mattr’s pipe coating business unit acquisitions. For more information see note 3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="font-size: 8pt;">4</span>.</span></span></span></span></span></p> <div> </div> <p style="line-height: 1.2; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Deferred tax assets related to tax losses of Tenaris subsidiaries are recognized to the extent it is probable that future </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">taxable profits will be available, against which such losses can be utilized. The utilization of such tax losses may also be restricted by the nature of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">profit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, expiration dates and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> / or potential </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> limitations on the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ir</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> yearly consumption. In determining the amount of deferred taxes to be recognized. Tenaris considered existing evidence, both positive and negative, including the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">historical taxable profits </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">projections of future taxable </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">profits</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">prepared</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> by management to assess the probability that the deferred tax assets will be realized. Management applies significant judgment in assessing the likelihood that future taxable profits will be available.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Deferred tax assets related to tax losses as of the end of <span>2023</span> include </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">550.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> recognized in its Luxembourg subsidiary mainly due to impairment charges over certain undertakings in the past years. Under the Luxembourg tax law, tax losses generated before <span>2017</span> can be carried forward indefinitely and are not subject to any yearly consumption limitation. Losses incurred as from 2017 may be carried forward for a maximum of 17 years. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris has concluded as of end <span>2023</span> that it is probable that sufficient future taxable profits will be generated by business activities to be carried out by its Luxembourg subsidiary, against which the above-mentioned tax losses could be utilized prior to their expiration. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Deferred tax assets related to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">tax losses</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">also in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">clude $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">77.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million related to U</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> subsidiaries mainly due to the recognition of accelera</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ted fiscal depreciations, as well as the amounts </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">related to the acquisition of IPSCO</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in <span>2020</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Tenaris has concluded that these deferred tax assets will be recoverable based on t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">he business plans and budgets.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Approximately </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>99</span>%</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the recognized tax losses have an expiration date in more than <span>5</span> years or do not expire.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the net unrecognized deferred tax assets amount</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">ed</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">3,130.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Approximately</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>99</span>%</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">un</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">recognized tax losses have an expiration date in more than <span>5</span> years or do not expire.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The estimated recovery analysis of deferred tax assets and settlement of deferred tax liabilities, which takes into consideration </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">m</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">anagement assumptions and estimates, is as follows:</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 57px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none;">2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Deferred tax assets to be recovered after <span>12</span> months </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (655,415 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (171,717 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Deferred tax liabilities to be settled after <span>12</span> months </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 689,976 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 688,124 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Deferred income tax assets and liabilities are offset when (<span>1</span>) there is a legally enforceable right to set</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">off current tax assets against current tax liabilities and (<span>2</span>)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> when</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> the deferred income taxes relate to the same fiscal authority</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">. The following amounts, determined after appropriate set</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">off, are shown in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">onsolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">S</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">tatement of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">inancial </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">P</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">osition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span style="border-left: none; border-right: none;">2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Deferred tax assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (789,615 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (208,870 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%;">)</td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Deferred tax liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 631,605 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 269,069 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (158,010 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 60,199 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; background-color: #cceeff; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <p style="line-height: 12pt; margin: 5pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">The movement i</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">n the net deferred income tax </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">(asset) / liability</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> account is as follows:</span></p> <table cellpadding="0" cellspacing="0" style="height: 122px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-bottom-width: 1px; border-bottom-style: solid; height: 10px; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top; width: 10%;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 60,199 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 1%;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; width: 1%;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top; width: 10%;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 29,174 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (89 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Increase due to business combinations </span><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; vertical-align: super;">(*)</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: bottom;" valign="bottom"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (22,177 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; vertical-align: top;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Charged to other comprehensive income </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (2,204 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,673 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Income statement (credit) / charge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (193,739 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 27,530 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (158,010 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="top"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; vertical-align: top; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; margin: 0px; text-indent: 0px; vertical-align: top; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 60,199 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1; margin: 0pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super;"><span style="font-size: 8pt;">(*)</span> </span><span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light';">Related to the GPC, </span><span style="font-family: 'Frutiger 45 Light';">Isoplus</span><span style="font-family: 'Frutiger 45 Light';"> anticorrosion coating division</span> <span style="font-family: 'Frutiger 45 Light';">and </span><span style="font-family: 'Frutiger 45 Light';">Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light';">. For more information see</span><span style="font-family: 'Frutiger 45 Light';"> note </span><span style="font-family: 'Frutiger 45 Light';"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light';">.</span></span></span></p> | |
| CY2023Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
48304000 | usd |
| CY2022Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
46433000 | usd |
| CY2023Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
535133000 | usd |
| CY2022Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
682329000 | usd |
| CY2022Q4 | ifrs-full |
Longterm Borrowings
LongtermBorrowings
|
46433000 | usd |
| CY2022Q4 | ifrs-full |
Current Borrowings And Current Portion Of Noncurrent Borrowings
CurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
682329000 | usd |
| CY2023 | ts |
Effect Of Translation Differences On Longterm Borrowings
EffectOfTranslationDifferencesOnLongtermBorrowings
|
45000 | usd |
| CY2023 | ts |
Effect Of Translation Differences On Current Borrowings And Current Portion Of Noncurrent Borrowings
EffectOfTranslationDifferencesOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
-74851000 | usd |
| CY2023 | ts |
Effect Of Net Proceeds And Repayments On Longterm Borrowings
EffectOfNetProceedsAndRepaymentsOnLongtermBorrowings
|
20000000 | usd |
| CY2023 | ts |
Effect Of Net Proceeds And Repayments On Current Borrowings And Current Portion Of Noncurrent Borrowings
EffectOfNetProceedsAndRepaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
-231797000 | usd |
| CY2023 | ts |
Effect Of Interests Accrued Net Of Payments On Longterm Borrowings
EffectOfInterestsAccruedNetOfPaymentsOnLongtermBorrowings
|
11000 | usd |
| CY2023 | ts |
Effect Of Interests Accrued Net Of Payments On Current Borrowings And Current Portion Of Noncurrent Borrowings
EffectOfInterestsAccruedNetOfPaymentsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
-2702000 | usd |
| CY2023 | ts |
Effect Of Reclassifications On Longterm Borrowings
EffectOfReclassificationsOnLongtermBorrowings
|
-18185000 | usd |
| CY2023 | ts |
Effect Of Reclassifications On Current Borrowings And Current Portion Of Noncurrent Borrowings
EffectOfReclassificationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
18185000 | usd |
| CY2023 | ts |
Effect Of Business Combinations On Longterm Borrowings
EffectOfBusinessCombinationsOnLongtermBorrowings
|
usd | |
| CY2023 | ts |
Effect Of Business Combinations On Current Borrowings And Current Portion Of Noncurrent Borrowings
EffectOfBusinessCombinationsOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
122839000 | usd |
| CY2023 | ts |
Effect Of Overdrafts Variation On Longterm Borrowings
EffectOfOverdraftsVariationOnLongtermBorrowings
|
usd | |
| CY2023 | ts |
Effect Of Overdrafts Variation On Current Borrowings And Current Portion Of Noncurrent Borrowings
EffectOfOverdraftsVariationOnCurrentBorrowingsAndCurrentPortionOfNoncurrentBorrowings
|
21130000 | usd |
| CY2023Q4 | ifrs-full |
Unused Tax Losses For Which No Deferred Tax Asset Recognised
UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised
|
3130000000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Temporary Difference Unused Tax Losses And Unused Tax Credits Explanatory
DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 57px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 20px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none;">2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding-left: 0px; padding-right: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span style="border-left: none; border-right: none;">2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; height: 17px; border-top-color: #000000 !important; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Deferred tax assets to be recovered after <span>12</span> months </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (655,415 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top">)</td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (171,717 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Deferred tax liabilities to be settled after <span>12</span> months </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 689,976 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 688,124 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; vertical-align: top; height: 10px;" valign="top"><br/></td> </tr> </tbody> </table> | |
| CY2023Q4 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
789615000 | usd |
| CY2022Q4 | ifrs-full |
Deferred Tax Assets
DeferredTaxAssets
|
208870000 | usd |
| CY2023Q4 | ifrs-full |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
631605000 | usd |
| CY2022Q4 | ifrs-full |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
269069000 | usd |
| CY2023Q4 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
-158010000 | usd |
| CY2022Q4 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
60199000 | usd |
| CY2022Q4 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
60199000 | usd |
| CY2021Q4 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
29174000 | usd |
| CY2023 | ifrs-full |
Increase Decrease Through Net Exchange Differences Deferred Tax Liability Asset
IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset
|
-89000 | usd |
| CY2022 | ifrs-full |
Increase Decrease Through Net Exchange Differences Deferred Tax Liability Asset
IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset
|
822000 | usd |
| CY2023 | ifrs-full |
Increase Decrease Through Business Combinations Deferred Tax Liability Asset
IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset
|
-22177000 | usd |
| CY2022 | ifrs-full |
Increase Decrease Through Business Combinations Deferred Tax Liability Asset
IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset
|
usd | |
| CY2023 | ifrs-full |
Income Tax Relating To Components Of Other Comprehensive Income
IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome
|
-2204000 | usd |
| CY2022 | ifrs-full |
Income Tax Relating To Components Of Other Comprehensive Income
IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome
|
2673000 | usd |
| CY2023 | ifrs-full |
Deferred Tax Expense Income Recognised In Profit Or Loss
DeferredTaxExpenseIncomeRecognisedInProfitOrLoss
|
-193739000 | usd |
| CY2022 | ifrs-full |
Deferred Tax Expense Income Recognised In Profit Or Loss
DeferredTaxExpenseIncomeRecognisedInProfitOrLoss
|
27530000 | usd |
| CY2023Q4 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
-158010000 | usd |
| CY2022Q4 | ifrs-full |
Deferred Tax Liability Asset
DeferredTaxLiabilityAsset
|
60199000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Other Liabilities Explanatory
DisclosureOfOtherLiabilitiesExplanatory
|
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-indent: -21.3pt; font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold;"><span style="font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;"><span><b>23</b></span><span> </span></span></span><span style="font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold; line-height: inherit;">Other liabilities</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(i)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Other liabilities – Non</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">current </span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 88px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Post-employment benefits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 117,506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 108,936 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other long-term benefits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 91,435 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 71,446 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Miscellaneous </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 62,327 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49,760 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 271,268 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 230,142 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">At December 31, 2023 the weighted average duration of liabilities related to post-employment benefits was </span><span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">6</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> years. </span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 10pt 0pt 0pt; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Post-employment benefits</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 78px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Unfunded </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 112,532 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 103,822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Funded </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,974 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,114 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 117,506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 108,936 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <ul style="font-family: 'times new roman', times;"> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -18.92pt; padding-left: 8.42pt; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Unfunded</span></li> </ul> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 214px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 22.0264%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9457%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9457%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.98532%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 103,822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0279%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0279%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.98532%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 103,841 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.46843%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current service cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,537 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,810 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Interest cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 11,707 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 7,610 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Curtailments and settlements </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (675 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (64 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Remeasurements <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,899 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,228 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (12,687 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,657 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations </span><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; vertical-align: super; line-height: inherit;">(**)</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,531 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Benefits paid from the plan </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (8,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,111 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Reclassified to current liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (461 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (840 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,082 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 112,532 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 103,822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit; font-size: 8pt;">(*)</span> <span><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span style="border-left: none; border-right: none;">20</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">0.6</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumption</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> and a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">8.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financ</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ial assumptions.</span></span></span></span></p> <p style="line-height: 1.2; margin: 0pt 0pt 5pt; text-align: justify; text-indent: 0pt;"><span style="border-right: none; border-left: none;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span style="border-left: none; border-right: none;">2022</span> a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">0.1</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumptions and a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">4.1</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financial assumptions.</span></span></span></p> <p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit; font-size: 8pt;">(**) </span><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related to the GPC, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> anticorrosion coating division</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">and </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. For more information see</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> note </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. </span></span></span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The actuarial assumptions</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> for the most relevant plans</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> were as follows:</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 61px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Discount rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3% - 7% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4% - 7% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Rate of compensation increase </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2% - 5% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2% - 3% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As o</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">f December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, an increase / (decrease) of 1% in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">discount rate assumption </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the main plans </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">would have generated a (decrease) / increase on the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">defined benefit obligation of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">5.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">5.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million respectively, and an increase / (decrease) of 1% in the rate of compensation assumption </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the main plans </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">would have generated an increase / (decrease) impact on the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">defined benefit obligation of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2.9</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million respectivel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">y. The above sensitivity analyse</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> based on a change in discount rate and rate of compensation while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <ul style="font-family: 'times new roman', times;"> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -18.92pt; padding-left: 8.42pt; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Funded</span></li> </ul> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">The amounts recognized in the statement of financial position</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> for the current annual period and</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> the</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> previous </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">annual period</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">are as follows:</span></p> <p style="font-family: 'times new roman', times; font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <div style="font-family: 'times new roman', times; border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 74px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Present value of funded obligations </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 123,234 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 116,617 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Fair value of plan assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (134,052 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (126,842 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="background-color: #cceeff; height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Asset (*) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (10,818 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (10,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: normal; vertical-align: super; line-height: inherit;">(*)</span><span><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> In <span style="border-left: none; border-right: none;">20</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">15.8</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">million </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">and $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">15.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">corresponding to </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">plans</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">with surplus balance</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">s that</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> w</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ere</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">reclassified</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> within other </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">non-</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">current assets</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, respectively</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, consequently the net post-employment benefits funded exposed as liabilities </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">amounted to $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">5.0</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">5.1</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million respectively.</span></span></span></p> </div> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The movement in the present value of funded obligations is as follows:</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 22.1566%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 76.9572%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 116,617 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.03397%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.03397%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 159,528 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.4771%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (6,635 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;">)</td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current service cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 154 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Interest cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,715 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,293 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Remeasurements <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,142 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (30,349 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%;">)</td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,708 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Benefits paid </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (8,459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (10,374 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%;">)</td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 571 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 123,234 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 116,617 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit; font-size: 8pt;">(*) </span><span><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">0.9</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumptions and a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">1.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financial assumptions.</span></span></span></span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="border-right: none; border-left: none;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span>2022</span> a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">4.8</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumptions and a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">25.6</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financial assumptions. </span></span></span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; font-size: 8pt;">(**)</span> <span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related to </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Mattr’s pipe coating business unit acquisition</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. For more information see</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> note </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <div style="font-family: 'times new roman', times;"> </div> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The movement in the fair value of plan assets is as follows:</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 187px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 22.1566%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9572%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.0443%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (126,842 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.03397%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.03397%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.0443%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (160,504 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4771%; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,897 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,639 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Return on plan assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (6,121 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,319 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Remeasurements </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 20,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (3,903 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Contributions paid to the plan </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (435 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Benefits paid from the plan </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 10,374 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 477 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 416 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; font-weight: bold;"> (134,052 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;"><br/></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; font-weight: bold;"> (126,842 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; font-size: 8pt;">(*)</span> </span><span style="font-size: 9pt;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span>Related to <span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-right: none; border-left: none;">Mattr’s pipe coating business unit acquisitions. For more information see note 34.</span></span></span></span></span></span></span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <p style="font-family: 'times new roman', times; margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The major categories of plan assets as a percentage of total plan assets are as follows:</span></p> <p style="font-family: 'times new roman', times; margin: 0pt; line-height: 1.2;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Equity instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 18% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 29% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Debt instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 33% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 67% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 3pt; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <p style="font-family: 'times new roman', times; margin: 0pt; line-height: 1.2;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The actuarial assumptions for the most relevant plans were as follows:</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Discount rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5% - 5% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3% - 5% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Rate of compensation increase </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0% - 3% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0% - 3% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The expected return on plan assets is determined by considering the expected returns available on the assets underlying the current investment policy. Expected </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">return</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">plan assets is determined</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> based on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">long-term, prospective rates of return as of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the end of the reporting period. </span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, an increase / (decrease) of 1% in the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">discount rate assumption </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the main plans </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">would have generated a (decrease) / increase on the defined benefit obligation of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">11.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">9.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million respectively, and an increase / (decrease) of 1% in the compensation rate assumption </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">of the main plans </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">would have generated an increase / (decrease) on the defined benefit obligation of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.8</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million respectively</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Th</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">e above sensitivity analyse</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> based on a change in discount rate and rate of compensation while holding all other assumptions constant. In practice, this is unlikely to occur, and changes in some of the assumptions may be correlated</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="font-family: 'times new roman', times; margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> expected employer </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">contributions </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">for the year <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> are not material</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="font-family: 'times new roman', times; margin: 0pt; line-height: 1.2;"><br/></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The methods and types of assumptions used in p</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">reparing the sensitivity analyse</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s did not change compared to the previous period.</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div style="font-family: 'times new roman', times;"> </div> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(ii)</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Other liabilities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">–</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">C</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">urrent</span></p> <p style="font-family: 'times new roman', times; line-height: 1.2; margin: 0pt;"><br/></p> <table cellpadding="0" cellspacing="0" style="height: 95px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Payroll and social security payable </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 301,213 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 224,630 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Shares to be settled under buyback program </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 86,240 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Miscellaneous </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 35,192 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 35,984 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 422,645 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 260,614 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td> </tr> </tbody> </table> | |
| CY2023 | ifrs-full |
Disclosure Of Other Noncurrent Liabilities Explanatory
DisclosureOfOtherNoncurrentLiabilitiesExplanatory
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 88px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Post-employment benefits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 117,506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 108,936 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other long-term benefits </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 91,435 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 71,446 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Miscellaneous </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 62,327 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49,760 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 271,268 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 230,142 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> | |
| CY2023Q4 | ts |
Noncurrent Postemployment Benefits Liability
NoncurrentPostemploymentBenefitsLiability
|
117506000 | usd |
| CY2022Q4 | ts |
Noncurrent Postemployment Benefits Liability
NoncurrentPostemploymentBenefitsLiability
|
108936000 | usd |
| CY2023Q4 | ts |
Other Noncurrent Benefits Liability
OtherNoncurrentBenefitsLiability
|
91435000 | usd |
| CY2022Q4 | ts |
Other Noncurrent Benefits Liability
OtherNoncurrentBenefitsLiability
|
71446000 | usd |
| CY2023Q4 | ts |
Other Noncurrent Miscellaneous Liabilities
OtherNoncurrentMiscellaneousLiabilities
|
62327000 | usd |
| CY2022Q4 | ts |
Other Noncurrent Miscellaneous Liabilities
OtherNoncurrentMiscellaneousLiabilities
|
49760000 | usd |
| CY2023Q4 | ifrs-full |
Other Noncurrent Liabilities
OtherNoncurrentLiabilities
|
271268000 | usd |
| CY2022Q4 | ifrs-full |
Other Noncurrent Liabilities
OtherNoncurrentLiabilities
|
230142000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Net Defined Benefit Liability Asset Explanatory
DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory
|
<table cellpadding="0" cellspacing="0" style="height: 78px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Unfunded </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 112,532 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 103,822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Funded </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,974 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,114 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 117,506 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 108,936 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 214px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 22.0264%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9457%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9457%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Values at the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.98532%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 103,822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0279%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.0279%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.98532%; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 103,841 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.46843%; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current service cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,537 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,810 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Interest cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 11,707 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 7,610 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Curtailments and settlements </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (675 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (64 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Remeasurements <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,899 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,228 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (12,687 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,657 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations </span><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; vertical-align: super; line-height: inherit;">(**)</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,531 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Benefits paid from the plan </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (8,762 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (5,111 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Reclassified to current liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (461 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (840 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,082 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9457%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 112,532 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.0279%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 9.98532%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 103,822 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1.46843%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; line-height: 1.2;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit; font-size: 8pt;">(*)</span> <span><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span style="border-left: none; border-right: none;">20</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">0.6</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumption</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> and a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">8.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financ</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ial assumptions.</span></span></span></span></p> <p style="line-height: 1.2; margin: 0pt 0pt 5pt; text-align: justify; text-indent: 0pt;"><span style="border-right: none; border-left: none;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span style="border-left: none; border-right: none;">2022</span> a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">0.1</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumptions and a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">4.1</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financial assumptions.</span></span></span></p> <p style="line-height: 1.2; margin: 0px; text-indent: 0px;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit; font-size: 8pt;">(**) </span><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related to the GPC, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> anticorrosion coating division</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">and </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Mattr’s pipe coating business unit acquisitions</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. For more information see</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> note </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. </span></span></span></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 74px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="background-color: #cceeff; height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Present value of funded obligations </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 123,234 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 116,617 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Fair value of plan assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (134,052 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (126,842 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="background-color: #cceeff; height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Asset (*) </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (10,818 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (10,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-style: normal; vertical-align: super; line-height: inherit;">(*)</span><span><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> In <span style="border-left: none; border-right: none;">20</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">20</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">2</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">15.8</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">million </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">and $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">15.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">corresponding to </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">plans</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">with surplus balance</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">s that</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> w</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">ere</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">reclassified</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> within other </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">non-</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">current assets</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, respectively</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, consequently the net post-employment benefits funded exposed as liabilities </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">amounted to $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">5.0</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">5.1</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million respectively.</span></span></span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 22.1566%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 76.9572%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 116,617 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.03397%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.03397%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10.0443%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 159,528 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1.4771%; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,940 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (6,635 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;">)</td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Current service cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 154 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Interest cost </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,715 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,293 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Remeasurements <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2,142 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (30,349 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%;">)</td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(**)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4,708 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Benefits paid </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (8,459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (10,374 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%;">)</td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 571 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 123,234 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 116,617 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit; font-size: 8pt;">(*) </span><span><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">0.9</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumptions and a </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">loss</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">1.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financial assumptions.</span></span></span></span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="border-right: none; border-left: none;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">For <span>2022</span> a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">4.8</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million is attributable to demographic assumptions and a gain of $</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">25.6</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> million to financial assumptions. </span></span></span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; font-size: 8pt;">(**)</span> <span style="font-size: 9pt;"><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Related to </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Mattr’s pipe coating business unit acquisition</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. For more information see</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> note </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">34</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></span></p> | |
| CY2023Q4 | ts |
Noncurrent Postemployment Benefits Liability
NoncurrentPostemploymentBenefitsLiability
|
117506000 | usd |
| CY2022Q4 | ts |
Noncurrent Postemployment Benefits Liability
NoncurrentPostemploymentBenefitsLiability
|
108936000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Sensitivity Analysis For Actuarial Assumptions Explanatory
DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory
|
<table cellpadding="0" cellspacing="0" style="height: 61px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Discount rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3% - 7% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4% - 7% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Rate of compensation increase </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2% - 5% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2% - 3% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Discount rate </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5% - 5% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3% - 5% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Rate of compensation increase </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0% - 3% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 0% - 3% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> | |
| CY2023Q4 | ts |
Overfunded Plan
OverfundedPlan
|
15800000 | usd |
| CY2022Q4 | ts |
Overfunded Plan
OverfundedPlan
|
15300000 | usd |
| CY2023Q4 | ts |
Net Post Employment Benefits Funded Exposed As Liabilities
NetPostEmploymentBenefitsFundedExposedAsLiabilities
|
5000000 | usd |
| CY2022Q4 | ts |
Net Post Employment Benefits Funded Exposed As Liabilities
NetPostEmploymentBenefitsFundedExposedAsLiabilities
|
5100000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Fair Value Of Plan Assets Explanatory
DisclosureOfFairValueOfPlanAssetsExplanatory
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 187px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 22.1566%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 76.9572%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; width: 10.0443%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 76.9572%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> At the beginning of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.0443%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (126,842 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.03397%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.03397%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.0443%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (160,504 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4771%; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Translation differences </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,897 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,639 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Return on plan assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (6,121 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,319 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Remeasurements </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,225 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 20,987 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Increase due to business combinations <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (3,903 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Contributions paid to the plan </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (435 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Benefits paid from the plan </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 10,374 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 477 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 416 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 76.9572%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> At the end of the year </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; font-weight: bold;"> (134,052 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.03397%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;"><br/></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10.0443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; font-weight: bold;"> (126,842 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.4771%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; font-size: 8pt;">(*)</span> </span><span style="font-size: 9pt;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"><span>Related to <span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 12px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; border-right: none; border-left: none;">Mattr’s pipe coating business unit acquisitions. For more information see note 34.</span></span></span></span></span></span></span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: center; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 1pt; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Equity instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 18% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 29% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 1pt;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Debt instruments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 33% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 67% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 3pt; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Others </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 4% </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px;"><br/></td> </tr> </tbody> </table> | |
| CY2023 | ifrs-full |
Disclosure Of Other Current Liabilities Explanatory
DisclosureOfOtherCurrentLiabilitiesExplanatory
|
<table cellpadding="0" cellspacing="0" style="height: 95px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 77%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Payroll and social security payable </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 301,213 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 224,630 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Shares to be settled under buyback program </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 86,240 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Miscellaneous </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 35,192 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 35,984 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 422,645 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 260,614 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"></td> </tr> </tbody> </table> | |
| CY2023Q4 | ts |
Current Employee Related Liabilities
CurrentEmployeeRelatedLiabilities
|
301213000 | usd |
| CY2022Q4 | ts |
Current Employee Related Liabilities
CurrentEmployeeRelatedLiabilities
|
224630000 | usd |
| CY2023Q4 | ts |
Amount Payable Under Share Buyback
AmountPayableUnderShareBuyback
|
86240000 | usd |
| CY2022Q4 | ts |
Amount Payable Under Share Buyback
AmountPayableUnderShareBuyback
|
usd | |
| CY2023Q4 | ts |
Other Current Miscellaneous Liabilities
OtherCurrentMiscellaneousLiabilities
|
35192000 | usd |
| CY2022Q4 | ts |
Other Current Miscellaneous Liabilities
OtherCurrentMiscellaneousLiabilities
|
35984000 | usd |
| CY2023Q4 | ifrs-full |
Other Current Liabilities
OtherCurrentLiabilities
|
422645000 | usd |
| CY2022Q4 | ifrs-full |
Other Current Liabilities
OtherCurrentLiabilities
|
260614000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Derivative Financial Instruments Explanatory
DisclosureOfDerivativeFinancialInstrumentsExplanatory
|
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-indent: -36pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">26 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Derivative financial instruments</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Net fair values of derivative financial instruments</span></p> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The net fair values of derivative financial instruments</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, in accordance with </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">IFRS </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>13</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">a</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">re:</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 153px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Derivatives hedging borrowings and investments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,480 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other derivatives </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 24,325 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Contracts with positive fair values </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 9,801 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 30,805 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: right;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other derivatives </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Contracts with negative fair values </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (11,150 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (7,127 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,349 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 23,678 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="margin: 0pt; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-weight: bold; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Foreign e</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">xchange </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">and commodities </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">derivative</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> contracts</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> and hedge accounting</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Te</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">naris applies hedge accounting </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">to certain cash flow hedges of highly probable forecast transactions. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The net fair values of exchange rate derivatives</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and those derivat</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">iv</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">es that were designated for hedge accounting as of December</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 31,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span>20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> were as follows:</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 241px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Purchase currency </span></p> </td> <td rowspan="2" style="padding: 0px; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Sell currency </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Term </span></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair Value </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hedge Accounting Reserve </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 33%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> MXN </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,571 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (67 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> MXN </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,125 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,557 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,866 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 624 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,786 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> / <span>2025</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,966 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 20,783 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 7,142 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 23,935 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,009 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,490 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> KWD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (50 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (129 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (388 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> CAD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (836 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 404 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> GBP </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (51 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (11 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> CNY </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (335 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (242 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 501 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> RON </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 261 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 50 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 223 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Others </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (49 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,554 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 27,038 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,928 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 21,085 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> <div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 156px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Commodity Derivatives </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Term </span></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair Value </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hedge Accounting Reserve </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Houston Ship Channel Gas </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (231 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (814 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (231 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (814 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> LME Scrap </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,376 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 29 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,376 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (3,148 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Iron Ore </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,274 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Electric Energy </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (340 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (519 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (340 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (519 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> TTF Gas </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,068 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,207 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> PSV Gas </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,566 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,566 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Nickel </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">1,966</span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">1,966</span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 205 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (3,360 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 205 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (7,963 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">F</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;">ollowing is a summary</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> of the hedge reserve evolution:</span></p> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><br/></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 62px;" width="100%"> <tbody> <tr style="height: 35px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px;"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Equity Reserve </span><br/><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Dec-2021</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Movements <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Equity Reserve </span><br/><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Dec-2022</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Movements <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Equity Reserve </span><br/><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Dec-2023</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 35px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 41%; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Foreign Exchange & Commodities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,259 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 11,863 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 13,122 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (4,989 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 8,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Total Cash flow Hedge </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 1,259 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 11,863 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 13,122 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (4,989 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 8,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 0pt; break-after: avoid; break-inside: avoid;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: normal; line-height: inherit;"> </span></p> <p style="margin: 0pt; line-height: 1.2; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Tenaris estimates that t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">he </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">majority of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">cash flow he</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">dge reserve </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">corresponding to derivatives instruments </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">at </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">December 31, 20</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> will be recycled to the Consolida</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">ted Income </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">Statement </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">during <span>202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"><span>4</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> For informa</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">tion on </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">hedge accounting reserve,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">see</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">ection III.D</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;"> to these Consolidated Financial Statements</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; letter-spacing: -0.1pt; line-height: inherit;">.</span></p> | |
| CY2023Q4 | ifrs-full |
Derivative Financial Assets
DerivativeFinancialAssets
|
9801000 | usd |
| CY2022Q4 | ifrs-full |
Derivative Financial Assets
DerivativeFinancialAssets
|
30805000 | usd |
| CY2023Q4 | ifrs-full |
Derivative Financial Liabilities
DerivativeFinancialLiabilities
|
11150000 | usd |
| CY2022Q4 | ifrs-full |
Derivative Financial Liabilities
DerivativeFinancialLiabilities
|
7127000 | usd |
| CY2023Q4 | ts |
Derivative Financial Assets Liabilities
DerivativeFinancialAssetsLiabilities
|
-1349000 | usd |
| CY2022Q4 | ts |
Derivative Financial Assets Liabilities
DerivativeFinancialAssetsLiabilities
|
23678000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Detailed Information About Hedged Items Explanatory
DisclosureOfDetailedInformationAboutHedgedItemsExplanatory
|
<div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 241px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Purchase currency </span></p> </td> <td rowspan="2" style="padding: 0px; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Sell currency </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Term </span></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair Value </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hedge Accounting Reserve </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 33%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> MXN </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 6,571 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (67 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> MXN </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,125 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 5,557 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,866 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 624 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,786 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> EUR </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> / <span>2025</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,966 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 20,783 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 7,142 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 23,935 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,009 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,490 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> KWD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (50 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (129 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (388 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> CAD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (836 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 404 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> GBP </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (51 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (11 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> CNY </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (335 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (242 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 501 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> RON </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 261 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 50 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> BRL </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> USD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 223 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 49 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Others </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (49 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (1,554 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 27,038 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 7,928 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 21,085 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> <div> </div> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 156px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Commodity Derivatives </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Term </span></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair Value </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Hedge Accounting Reserve </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 43%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Houston Ship Channel Gas </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (231 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (814 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (231 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (814 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> LME Scrap </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,376 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 29 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 1,376 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (3,148 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Iron Ore </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 12 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1,274 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Electric Energy </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (340 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (519 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (340 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (519 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> TTF Gas </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,068 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,207 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> PSV Gas </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,566 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (2,566 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Nickel </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-align: center;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span>2024</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">1,966</span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> <span style="border-left: none; border-right: none;">1,966</span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> - </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Total </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 205 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (3,360 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> 205 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> (7,963 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> </div> </div> | |
| CY2023 | ifrs-full |
Disclosure Of Commitments And Contingent Liabilities Explanatory
DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory
|
<p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span>27</span></span><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman';"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">Contingencies,</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> commitments and restrictions </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">o</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">n</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> the distribution of profits</span></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(i)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Contingencies</span></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: 1.2;">Tenaris is from time to time subject to various claims, lawsuits and other legal proceedings, including customer, employee, tax and environmental-related claims, in which third parties are seeking payment for alleged damages, reimbursement for losses, or indemnity. Management with the assistance of legal counsel, periodically reviews the status of each significant matter and assesses potential financial exposure. </span></p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: 1.2;">Some of these claims, lawsuits and other legal proceedings involve highly complex issues, and often these issues are subject to substantial uncertainties and, therefore, the probability of loss and an estimation of damages are difficult to ascertain. Accordingly, with respect to a large portion of such claims, lawsuits and other legal proceedings, the Company is unable to make a reliable estimate of the expected financial effect that will result from ultimate resolution of the proceeding. In those cases, the Company has not accrued a provision for the potential outcome of these cases.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt 0pt 10pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: 1.2;">If a potential loss from a claim, lawsuit or other proceeding is considered probable and the amount can be reasonably estimated, a provision is recorded. Accruals for loss contingencies reflect a reasonable estimate of the losses to be incurred based on information available to management as of the date of preparation of the financial statements and take into consideration litigation and settlement strategies. In a limited number of ongoing cases, the Company was able to make a reliable estimate of the expected loss or range of probable loss and, depending on the likelihood of occurrence, in some of such cases has accrued a provision for such loss but believes that publication of this information on a case-by-case basis would seriously prejudice the Tenaris’s position in the ongoing legal proceedings or in any related settlement discussions. Accordingly, in these cases, the Company has disclosed information with respect to the nature of the contingency but has not disclosed its estimate of the range of potential loss.</span></p> <div style="text-align: justify;"> <span style="text-indent: 0pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">The Company believes that the aggregate provisions recorded for potential losses in these Consolidated Financial Statements</span> <span style="text-indent: 0pt; font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">are adequate based upon currently available information. However, if management’s estimates prove incorrect, current reserves could be inadequate and the Company could incur a charge to earnings which could have a material adverse effect on its results of operations, financial condition, net worth and cash flows.</span><br/></div> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 28.35pt; text-align: justify; text-indent: -28.35pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Below is a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">summary description of Tenaris’s material legal proceedings which are outstanding as of the date of these Consolidated Financial Statements. In addition, the Company is subject to other legal proceedings, none of which is believed to be material.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; margin: 0pt 0pt 0pt -10.22pt; orphans: 0; padding-left: 7.72pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">CSN claims relating to the January 2012 acquisition of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Usiminas</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In <span>2013</span>, the Company was notified of a lawsuit filed in Brazil by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Companhia</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Siderúrgica</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Nacional (“CSN”), and various entities affiliated with CSN against the Company’s Brazilian subsidiary Confab and three subsidiaries of Ternium, all of which compose the T/T Group under the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> shareholders agreement. The entities named in the CSN lawsuit had acquired a participation in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in January 2012. The CSN lawsuit alleges that, under applicable Brazilian laws and rules, the acquirers were required to launch a tag-along tender offer to all non-controlling holders of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> ordinary shares for a price per share equal to 80% of the price per share paid in such acquisition, or BRL 28.8, and seeks an order to compel the acquirers to launch an offer at that price plus interest. If so ordered, the offer would need to be made to 182,609,851 ordinary shares of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> not belonging to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">’ control group. Confab’s share in the offer would be 17.9%.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="margin: 0pt; text-align: justify; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On September 23, 2013, the first instance court dismissed the CSN lawsuit, and on February 8, 2017, the court of appeals maintained the understanding of the first instance court. On August 18, 2017, CSN filed an appeal to the Superior Court of Justice (“SCJ”) seeking the review and reversal of the decision issued by the Court of Appeals. On September 10, 2019, the SCJ declared CSN’s appeal admissible. On March 7, 2023, the SCJ, by majority vote, rejected CSN’s appeal. CSN made several submissions in connection with the SCJ decision, including a motion for clarification that challenged the merits of the SCJ decision. Decisions at the SCJ are adopted by majority vote and, at the date of these financial statements, voting at the SCJ with respect to the motion for clarification is ongoing. At an October 17, 2023 session, <span>two</span> justices voted in favor of remanding the case to the first instance for it to be retried following production and assessment of the new evidence, and <span>two</span> justices voted, without requiring any further evidence, in favor of granting CSN’s motion for clarification and reversing the March 7, 2023 decision that rejected CSN’s appeal; because the fifth member of SCJ excused himself from voting, a justice from another panel at the SCJ will be summoned to produce the tie-breaking vote. There are no specified deadlines for voting to be resumed or the SCJ decision to be issued. In any event, either party may appeal against a SCJ decision.</span></p> <p style="margin: 0pt; text-align: justify; line-height: 1.2;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">According to the views of the <span>two</span> justices that voted in favor of CSN’s motion, Confab and the other members of the T/T Group should be ordered to pay to CSN an indemnification amount equal to the difference between the price paid by the T/T Group in its acquisition and the market value of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> shares at signing, plus monetary adjustment and interest (at a rate of 1% per month) through the date of payment, plus legal costs equal to 10% of the compensation payable to CSN, with CSN retaining ownership of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Usiminas</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> ordinary shares it currently owns. If that unprecedented view were to prevail, and depending on how the indemnification is calculated by other courts, as of the date of these financial statements the potential aggregate indemnification payable by Confab could reach up to BRL</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">900.4</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million (approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">186.0</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million at the BRL/$ rate as of such date).</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company continues to believe that all of CSN’s claims and allegations are groundless and without merit, as confirmed by several opinions of Brazilian legal counsel, <span>two</span> decisions issued by the Brazilian securities regulator in February 2012 and December 2016, the first and second instance court decisions and the March 7, 2023 SCJ decision referred to above. Notwithstanding the foregoing, in light of the votes already issued by <span>two</span> members of the SCJ on CSN’s motion for clarification, the Company cannot predict the ultimate resolution on the matter.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 1.2; list-style-position: inside; margin: 0pt 0pt 0pt -19.22pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Veracel celulose accident litigation</span></li> </ul> <div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On September 21, 2007, an accident occurred in the premises of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Celulose</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> S.A. (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”) in connection with a rupture in <span>one</span> of the tanks used in an evaporation system manufactured by Confab. The </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> accident allegedly resulted in material damages to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. Itaú </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Seguros</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> S.A. (“Itaú”), </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> insurer at the time of the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> accident and then replaced by Chubb </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Seguros</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Brasil</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> S/A (“Chubb”), initiated a lawsuit against Confab seeking reimbursement of damages paid to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in connection with the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> accident. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> initiated a second lawsuit against Confab seeking reimbursement of the amount paid as insurance deductible with respect to the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> accident and other amounts not covered by insurance. Itaú and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> claimed that the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> accident was caused by failures and defects attributable to the evaporation system manufactured by Confab. Confab believes that the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> accident was caused by the improper handling by </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Veracel’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> personnel of the equipment supplied by Confab in violation of Confab’s instructions. The <span>two</span> lawsuits were consolidated and are considered by the <span>6</span>th Civil Court of São Caetano do Sul. However, each lawsuit will be adjudicated separately.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On September 28, 2018, Confab and Chubb entered into a settlement agreement pursuant to which on October 9, 2018, Confab paid an amount of approximately $3.5 million to Chubb, without assuming any liability for the accident or the claim.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt 0pt 5pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On October 10, 2018, Confab was notified that the court had issued rulings for both lawsuits. Both decisions were unfavorable to Confab:<br/></span></p> <div id="t_ft_8ETFV77EWW00000000000000000000b"> <table style="width: 100%; font-family: 'times new roman'; border-collapse: collapse; font-size: 10pt;"> <tbody> <tr> <td style="width: 3%; text-align: center; vertical-align: top;" valign="top"><span><span>•</span></span><br/></td> <td style="width: 97%; vertical-align: top;" valign="top"> <p style="text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> With respect to Chubb’s claim, the court subsequently homologated the above-mentioned settlement and, accordingly, the claim was finalized. </span></p> </td> </tr> <tr> <td style="vertical-align: top;" valign="top"><br/></td> <td style="vertical-align: top;" valign="top"><br/></td> </tr> <tr> <td style="text-align: center; vertical-align: top;" valign="top"><span><span>•</span></span></td> <td style="vertical-align: top;" valign="top"> <p style="line-height: 1.2; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> With respect to Veracel’s claim, Confab was ordered to pay the insurance deductible and other concepts not covered by insurance, currently estimated to amount to BRL100.6 million (approximately $20.8 million) including interest, fees and expenses. Both parties filed motions for clarification against the court’s decision, which were partially granted. Although the contract between Confab and Veracel expressly provided that Confab would not be liable for damages arising from lost profits, the court award would appear to include BRL86.4 million (approximately $17.8 million) of damages arising therefrom. Confab has additional defense arguments in respect of a claim for lost profits. On December 18, 2018, Confab filed an appeal against the first instance court decision, and on April 30, 2019, Veracel filed its response to the appeal. In June 2022, the court resolved that it lacked jurisdiction to decide on the appeal, which was re-allocated to another court. The parties are currently waiting for the trial of the appeal to be scheduled. At this stage the Company cannot predict the outcome of the claim or the amount or range of loss in case of an unfavorable outcome. </span></p> </td> </tr> </tbody> </table> </div> <ul> <li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 3pt; orphans: 0; text-align: justify; text-indent: -21.8pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Petrobras-related proceedings and claims <span style="font-size: 8pt;"><sup>1</sup></span></span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Upon learning that Brazilian, Italian and Swiss authorities were investigating whether certain payments were made prior to <span>2014</span> from accounts of entities presumably associated with affiliates of the Company to accounts allegedly linked to individuals related to Petróleo Brasileiro S.A. (“Petrobras”) and whether any such payments were intended to benefit the Company’s Brazilian subsidiary Confab</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">he Audit Committee of the Company's Board of Directors engaged external counsel in connection with the Company’s review of these matters. In addition, the Company voluntarily notified the U.S. Securities and Exchange Commission (“SEC”) and the U.S. Department of Justice (“DOJ”) in October 2016. The Company conducted, with the assistance of external counsel, an internal investigation and found no evidence corroborating any involvement by the Company or its directors, officers or employees in respect of improper payments. An internal investigation commissioned by Petrobras also found no evidence that Confab obtained any unfair commercial benefit or advantage from Petrobras in return for payments, including improperly obtained contracts. On June 2, 2022, the Company resolved the investigation by the SEC, and the DOJ informed that it had closed its parallel inquiry without taking action. Under the settlement with the SEC, the Company neither admits nor denies the SEC’s findings and on June 24, 2022, paid $53.1 million in disgorgement and prejudgment interest and $25 million for a civil penalty to conclude the matter.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In July 2019, the Company learned that the public prosecutors’ office of Milan, Italy, had completed a preliminary investigation into the same alleged payments and had included in the investigation, among other persons, the Company’s Chairman and Chief Executive Officer, <span>two</span> other board members, Gianfelice Rocca and Roberto Bonatti, and the Company’s controlling shareholder, San Faustin. The Company is not a party to the proceedings. On March 22, 2022, upon completion of the evidentiary phase of the trial, the acting prosecutor requested the first-instance court in Milan in charge of the case to impose sanctions on our Chairman and Chief Executive Officer, on the other <span>two</span> board members, and on San Faustin. The Company’s outside counsel in Italy advised the Company that neither the case file nor the prosecutor’s request contain or identify any evidence of involvement in, or knowledge of, the alleged wrongdoing by any of the <span>three</span> directors. On May 26, 2022, the first-instance court dismissed the case brought by the public prosecutor against the defendants for lack of jurisdiction and stated that the criminal proceeding should not have been initiated. On October 7, 2022, the public prosecutor filed an appeal against the first-instance court’s decision.</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On February 22, 2024, the court of appeals referred the case to the court of cassation, which will be in charge of determining whether or not the Italian courts have jurisdiction over the matter.</span></p> <table style="height: 18px; margin-left: 0.1px; width: 98.8585%; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr> <td style="height: 10px; width: 15%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="width: 89.6642%;"></td> </tr> <tr> <td colspan="2" style="height: 10px; font-family: 'Frutiger 45 Light';"><sup>1</sup> This note was updated subsequently to the approval of these Consolidated Financial Statements by the Company’s Board of Directors on February 21, 2024.</td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In June 2020, the Brazilian public prosecutors’ office requested the indictment of several individuals, including <span>three</span> executives or former executives of Confab and a former agent of Confab, charging them with the alleged crimes of corruption in relation to contracts executed between <span>2007</span> and <span>2010</span>, and money laundering in relation to payments between <span>2009</span> and <span>2013</span>. These criminal proceedings are underway. Neither the Company nor Confab is a party to these criminal proceedings. </span></p> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"> </p> <p style="line-height: 1.2; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In addition, Petrobras and the Brazilian public prosecutors filed civil claims for damages against, among others, Confab and the Confab executives named in the criminal proceedings referred to above. Confab became aware of these civil claims in September 2022. As of</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> December 31, 2023,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> the aggregate amount of these claims was estimated at BRL</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">322.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million (or approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">66.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million). The plaintiffs also seek that Confab be prohibited from contracting with, or receiving benefits or exemptions from, the Brazilian state for an unspecified term. Confab believes these claims do not address either the defense arguments or the evidence available to the plaintiffs in Brazil and presented in other jurisdictions and is vigorously contesting them. At this stage, the Company cannot predict the outcome of these civil proceedings. </span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt -16.8pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Putative class actions</span></li> </ul> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Following the Company’s November 27, 2018, announcement that its Chairman and CEO Paolo Rocca had been included in an Argentine court investigation known as the Notebooks Case (a decision subsequently reversed by a higher court), <span>two</span> putative class action complaints were filed in the U.S. District Court for the Eastern District of New York. On April 29, 2019, the court consolidated the complaints into a single case, captioned “In re Tenaris S.A. Securities Litigation”, and appointed lead plaintiffs and lead counsel. </span></p> <p style="margin:0pt"><br/></p> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On July 19, 2019, the lead plaintiffs filed an amended complaint purportedly on behalf of purchasers of Tenaris securities during the putative class period of May 1, 2014, through December 5, 2018. The individual defendants named in the complaint are Tenaris’s Chairman and CEO and Tenaris’s former CFO. The complaint alleges that during the class period, the Company and the individual defendants inflated the Tenaris share price by failing to disclose that the nationalization proceeds received by Ternium (in which the Company held an 11.46% stake) when Sidor was expropriated by Venezuela were received or expedited as a result of allegedly improper payments made to Argentine officials. The complaint does not specify the damages that plaintiff is seeking. </span></p> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On October 9, 2020, the court granted in part and denied in part the defendants’ motions to dismiss. The court partially granted and partially denied the motion to dismiss the claims against the Company and its Chairman and CEO. In addition, the court granted the motions to dismiss as to all claims against San Faustin, Techint, and Tenaris’s former CFO. </span></p> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On November 11, 2022, the parties filed a joint notice of settlement announcing a settlement in principle of all claims in the action, subject to finalizing the settlement agreements and court approval.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The parties’ agreement in principle provides that, in exchange for dismissal of the action and customary releases from class members and with no admission of liability by Tenaris or Mr. Rocca, Tenaris will pay to the class $9.5 million (inclusive of legal fees to lead plaintiff’s counsel).</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="background-color: #ffffff; line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On April 10, 2023, the court granted preliminary approval to the class settlement. The final settlement approval hearing was set for October 19, 2023, and on that date the court ordered that, prior to granting final settlement approval, the lead plaintiffs submit on or before March 29, 2024, an update letter advising the court of the status of the claims processing.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 1.2; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: -14.8pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">Administrative proceeding concerning Brazilian tax credits</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Confab is a party to an administrative proceeding concerning the recognition and transfer of tax credits for an amount allegedly exceeding the amount that Confab would have been entitled to recognize and / or transfer. The proceeding resulted in the imposition of a fine against Confab representing approximately 75% of the allegedly undue credits, which was appealed by Confab. On January 21, 2019, Confab was notified of an administrative decision denying Confab’s appeal, thereby upholding the tax determination and the fine against Confab. On January 28, 2019, Confab challenged such administrative decision</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Special appeals were filed by Confab in July 2023 and by the Brazilian General Tax Attorney (</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">PGFN</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">) in September 2023. The parties are</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> currently awaiting a resolution. In case of an unfavorable resolution, Confab may appeal before the courts. The estimated amount of this claim is BRL</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">60.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million (approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">12.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million). At this stage, the Company cannot predict the outcome of this claim.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt; orphans: 0; text-align: justify; text-indent: -14.8pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; letter-spacing: -0.1pt; line-height: inherit;">U.S. patent infringement litigation</span></li> </ul> <div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris Coiled Tubes, LLC (“TCT”), a U.S. subsidiary of the Company, was sued in <span>2017</span> by its competitor Global Tubing, alleging defamatory conduct by TCT and seeking a declaration that certain Global Tubing products do not infringe patents held by TCT. TCT counterclaimed that certain Global Tubing products did infringe patents held by TCT, and Global Tubing has since sought to invalidate such patents. On December 13, 2019, Global Tubing filed an amended complaint (including the Company as defendant), alleging, among other things, that TCT and the Company had misled the patent office. On March 20, 2023, the judge granted summary judgment in favor of Global Tubing, concluding that the patents at issue are unenforceable due to inequitable conduct during the patent prosecution process. TCT appealed this judgment, and Global Tubing appealed a previous ruling of the judge. Global Tubing also filed a brief seeking to recover attorneys’ fees, without specifying the amount of those fees. Although it is not possible to predict the final outcome of this matter, the Company believes that any potential losses arising from this case will not be material.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.22pt; orphans: 0; padding-left: 11.67pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">U.S. Antidumping Duty Investigations</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On October 27, 2021, the U.S. Department of Commerce (“DOC”) initiated antidumping duty investigations of oil country tubular goods (“OCTG”) from Argentina, Mexico, and Russia. After the DOC issued affirmative preliminary and final antidumping determinations with respect to imports from Argentina, Mexico and Russia on October 27, 2022, the International Trade Commission (“ITC”) determined that the imports under investigation caused injury to the U.S. OCTG industry. Tenaris and other parties have appealed the agency determinations from the investigation to the Court of International Trade. In addition, in response to a request from the Government of Argentina, the World Trade Organization (“WTO”) established a panel of experts to consider whether the DOC’s antidumping order applicable to Argentina is consistent with the international obligations of the United States. As a result of the investigation, and unless overturned on appeal, Tenaris is required to pay antidumping duty deposits (at a rate of 78.30% for imports from Argentina and 44.93% for imports from Mexico) until such time the imports are reviewed by the DOC to determine whether final duties are necessary for the specific period under review. Tenaris has been paying such deposits since May 11, 2022, reflecting the amount of such deposits in its costs. The deposit rates may be reset periodically based on the results of the review process. It is possible that, through the periodic review process, the deposits may be either returned to Tenaris in whole or in part, or may be increased.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -5.22pt; orphans: 0; padding-left: 11.67pt; text-align: justify; text-indent: 0pt; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Potential dispute with agent in the Middle East <sup>2</sup></span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Consistent with local practice in certain Middle East countries, Tenaris Global Services S.A. (“TGSU”), a Uruguayan subsidiary of the Company, sells materials to a local agent, and the agent then resells the materials to customers in the region. Tenaris is not a party to the contracts between the agent and each customer. In <span>one</span> such contract entered into in mid-<span>2021</span>, with pending obligations of approximately $520</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million and deliveries until <span>2025</span>, the agent agreed to supply Tenaris-produced casing and tubing of different sizes to the customer. Subsequent events led to onerous increases in prices and delays to supply the materials and led to lengthy discussions between the parties. The customer eventually paid a significant portion of such increased costs and, as a result, the dispute was settled.</span></p> <table style="height: 18px; margin-left: 0.1px; width: 98.8585%; font-family: 'times new roman'; font-size: 10pt;" width="100%"> <tbody> <tr> <td style="height: 10px; width: 15%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="width: 89.6642%;"></td> </tr> <tr> <td colspan="2" style="height: 10px; font-family: 'Frutiger 45 Light';"><sup>2</sup> This note was updated subsequently to the approval of these Consolidated Financial Statements by the Company’s Board of Directors on February 21, 2024.</td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"> </p> <p style="line-height: 1.2; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -36pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">(ii)</span><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 7pt; line-height: inherit; font-family: 'Times New Roman';"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">Commitments and guarantees</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Set forth is a description of the Tenaris’s main outstanding commitments: </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div id="t_ft_ZPF037I9KW00000000000000000000b"> <table style="width: 100%; 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-webkit-text-security: none; -webkit-text-stroke: 0px #000000; -webkit-user-drag: none; -webkit-user-modify: read-only; -webkit-writing-mode: horizontal-tb; widows: 2; width: auto; will-change: auto; word-break: normal; word-spacing: 0px; writing-mode: horizontal-tb; x: 0px; y: 0px; z-index: auto; zoom: 1; border: 0px none #000000;"><span class="NormalTextRun SCXW127687583 BCX0">•</span></span><br/></td> <td style="width: 97%; height: 10px; vertical-align: top; text-align: justify;" valign="top"> <p style="line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Certain subsidiaries of the Company entered into a contract with Praxair S.A. for the service of oxygen and nitrogen supply. As of December 31, 2023, the aggregate amount to take or pay the committed volumes for an original 14-year term totaled approximately $32.7 million. </span></p> </td> </tr> <tr style="height: 17px;"> <td style="height: 17px; vertical-align: top; text-align: center;" valign="top"><br/></td> <td style="height: 17px; vertical-align: top; text-align: justify;" valign="top"><br/></td> </tr> <tr style="height: 40px;"> <td style="height: 40px; vertical-align: top; text-align: center;" valign="top"><span class="TextRun SCXW127687583 BCX0" style="accent-color: auto; place-content: normal; place-items: normal; place-self: auto; alignment-baseline: auto; animation: 0s ease 0s 1 normal none running none; animation-composition: replace; app-region: none; appearance: none; aspect-ratio: auto; backdrop-filter: none; backface-visibility: visible; background-image: none; background-position: 0% 0%; background-size: auto; background-repeat: repeat; background-attachment: scroll; background-origin: padding-box; 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transform: none; transform-box: view-box; transform-origin: 0px 0px; transform-style: flat; transition: all 0s ease 0s; translate: none; unicode-bidi: normal; user-select: text; vector-effect: none; view-timeline: none; view-transition-name: none; visibility: visible; border-block: 0px none #000000; border-inline: 0px none #000000; -webkit-border-image: none; -webkit-box-align: stretch; -webkit-box-decoration-break: slice; -webkit-box-direction: normal; -webkit-box-flex: 0; -webkit-box-ordinal-group: 1; -webkit-box-orient: horizontal; -webkit-box-pack: start; -webkit-font-smoothing: auto; -webkit-line-break: auto; -webkit-locale: 'EN-IN'; block-size: auto; margin-block: 0px; margin-inline: 0px; -webkit-mask-box-image-source: none; -webkit-mask-box-image-slice: 0 fill; -webkit-mask-box-image-width: auto; -webkit-mask-box-image-outset: 0; -webkit-mask-box-image-repeat: stretch; max-block-size: none; max-inline-size: none; min-block-size: 0px; min-inline-size: 0px; padding-block: 0px; padding-inline: 0px; -webkit-print-color-adjust: economy; -webkit-rtl-ordering: logical; -webkit-ruby-position: before; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-combine: none; -webkit-text-decorations-in-effect: none; -webkit-text-fill-color: #000000; -webkit-text-orientation: vertical-right; -webkit-text-security: none; -webkit-text-stroke: 0px #000000; -webkit-user-drag: none; -webkit-user-modify: read-only; -webkit-writing-mode: horizontal-tb; widows: 2; width: auto; will-change: auto; word-break: normal; word-spacing: 0px; writing-mode: horizontal-tb; x: 0px; y: 0px; z-index: auto; zoom: 1; border: 0px none #000000;"><span class="NormalTextRun SCXW127687583 BCX0">•</span></span></td> <td style="height: 40px; vertical-align: top; text-align: justify;" valign="top"> <p style="line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> A subsidiary of the Company entered into a 25-year contract (effective as of December 1, 2016, through December 1, 2041) with Techgen for the supply of <span>197</span> MW (which represents 22% of Techgen’s capacity). Monthly payments are determined on the basis of capacity charges, operation costs, back-up power charges, and transmission charges. As of the seventh contract year (as long as Techgen’s existing or replacing bank facility has been repaid in full), the Company’s subsidiary has the right to suspend or early terminate the contract if the rate payable under the agreement is higher than the rate charged by the Comisión Federal de Electricidad (“CFE”) or its successors. The Company’s subsidiary may instruct Techgen to sell to any affiliate, to CFE, or to any other third party all or any part of unused contracted energy under the agreement and the Company’s subsidiary will benefit from the proceeds of such sale. </span></p> </td> </tr> <tr style="height: 17px;"> <td style="height: 17px; vertical-align: top; text-align: center;" valign="top"><br/></td> <td style="height: 17px; vertical-align: top; text-align: justify;" valign="top"><br/></td> </tr> <tr style="height: 13px;"> <td style="height: 13px; vertical-align: top; text-align: center;" valign="top"><span class="TextRun SCXW127687583 BCX0" style="accent-color: auto; place-content: normal; place-items: normal; place-self: auto; alignment-baseline: auto; animation: 0s ease 0s 1 normal none running none; animation-composition: replace; app-region: none; appearance: none; aspect-ratio: auto; backdrop-filter: none; backface-visibility: visible; background-image: none; background-position: 0% 0%; background-size: auto; 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text-underline-position: auto; white-space: pre-wrap; timeline-scope: none; touch-action: auto; transform: none; transform-box: view-box; transform-origin: 0px 0px; transform-style: flat; transition: all 0s ease 0s; translate: none; unicode-bidi: normal; user-select: text; vector-effect: none; view-timeline: none; view-transition-name: none; visibility: visible; border-block: 0px none #000000; border-inline: 0px none #000000; -webkit-border-image: none; -webkit-box-align: stretch; -webkit-box-decoration-break: slice; -webkit-box-direction: normal; -webkit-box-flex: 0; -webkit-box-ordinal-group: 1; -webkit-box-orient: horizontal; -webkit-box-pack: start; -webkit-font-smoothing: auto; -webkit-line-break: auto; -webkit-locale: 'EN-IN'; block-size: auto; margin-block: 0px; margin-inline: 0px; -webkit-mask-box-image-source: none; -webkit-mask-box-image-slice: 0 fill; -webkit-mask-box-image-width: auto; -webkit-mask-box-image-outset: 0; -webkit-mask-box-image-repeat: stretch; max-block-size: none; max-inline-size: none; min-block-size: 0px; min-inline-size: 0px; padding-block: 0px; padding-inline: 0px; -webkit-print-color-adjust: economy; -webkit-rtl-ordering: logical; -webkit-ruby-position: before; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-combine: none; -webkit-text-decorations-in-effect: none; -webkit-text-fill-color: #000000; -webkit-text-orientation: vertical-right; -webkit-text-security: none; -webkit-text-stroke: 0px #000000; -webkit-user-drag: none; -webkit-user-modify: read-only; -webkit-writing-mode: horizontal-tb; widows: 2; width: auto; will-change: auto; word-break: normal; word-spacing: 0px; writing-mode: horizontal-tb; x: 0px; y: 0px; z-index: auto; zoom: 1; border: 0px none #000000;"><span class="NormalTextRun SCXW127687583 BCX0">•</span></span></td> <td style="height: 13px; vertical-align: top; text-align: justify;" valign="top"> <p style="line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> A U.S. subsidiary of the Company is a party to a contract with Nucor Steel Memphis Inc. under which it is committed to purchase on a monthly basis a specified minimum volume of steel bars, at prices subject to quarterly adjustments. The contract became effective upon delivery of the first purchase order, which occurred in April 2021, with an original duration of 3 years. In September 2023, the parties agreed to extend its term until December 31, 2024. As of December 31, 2023, the estimated aggregate contract amount calculated at current prices, was approximately $73.7 million. The contract gives the subsidiary of the Company the right to temporarily reduce the quantities to be purchased thereunder to 75% of the agreed-upon minimum volume in cases of material adverse changes in prevailing economic or market conditions. </span></p> </td> </tr> <tr style="height: 17px;"> <td style="height: 17px; vertical-align: top; text-align: center;" valign="top"><br/></td> <td style="height: 17px; vertical-align: top; text-align: justify;" valign="top"><br/></td> </tr> <tr style="height: 52px;"> <td style="height: 52px; vertical-align: top; text-align: center;" valign="top"><span class="TextRun SCXW127687583 BCX0" style="accent-color: auto; place-content: normal; place-items: normal; place-self: auto; alignment-baseline: auto; animation: 0s ease 0s 1 normal none running none; animation-composition: replace; app-region: none; appearance: none; aspect-ratio: auto; backdrop-filter: none; backface-visibility: visible; background-image: none; background-position: 0% 0%; background-size: auto; 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text-underline-position: auto; white-space: pre-wrap; timeline-scope: none; touch-action: auto; transform: none; transform-box: view-box; transform-origin: 0px 0px; transform-style: flat; transition: all 0s ease 0s; translate: none; unicode-bidi: normal; user-select: text; vector-effect: none; view-timeline: none; view-transition-name: none; visibility: visible; border-block: 0px none #000000; border-inline: 0px none #000000; -webkit-border-image: none; -webkit-box-align: stretch; -webkit-box-decoration-break: slice; -webkit-box-direction: normal; -webkit-box-flex: 0; -webkit-box-ordinal-group: 1; -webkit-box-orient: horizontal; -webkit-box-pack: start; -webkit-font-smoothing: auto; -webkit-line-break: auto; -webkit-locale: 'EN-IN'; block-size: auto; margin-block: 0px; margin-inline: 0px; -webkit-mask-box-image-source: none; -webkit-mask-box-image-slice: 0 fill; -webkit-mask-box-image-width: auto; -webkit-mask-box-image-outset: 0; -webkit-mask-box-image-repeat: stretch; max-block-size: none; 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At the end of the MDA’s <span>6</span>-year term, TMK would have the option to extend the duration of its term for an additional 12-month period. Under the MDA, the Company is required to purchase specified minimum volumes of TMK-manufactured OCTG and line pipe products, based on the aggregate market demand for the relevant product category in the United States in the relevant year. In February 2022, however, the Company and TMK agreed that there would be no minimum yearly purchase requirement for the OCTG product category for the year ended December 31, 2022, and there would be no minimum yearly purchase requirement for TMK line pipe products under the MDA neither for the contract year ended December 31, 2022, nor for any subsequent contract year until expiration of the MDA’s term. In addition, no purchases of TMK products were made during <span>2023</span>. The parties are currently discussing the termination of the MDA. </span></p> </td> </tr> <tr style="height: 17px;"> <td style="height: 17px; vertical-align: top; text-align: center;" valign="top"><br/></td> <td style="height: 17px; vertical-align: top; text-align: justify;" valign="top"><br/></td> </tr> <tr style="height: 10px;"> <td style="height: 10px; vertical-align: top; text-align: center;" valign="top"><span class="TextRun SCXW127687583 BCX0" style="accent-color: auto; place-content: normal; place-items: normal; place-self: auto; alignment-baseline: auto; animation: 0s ease 0s 1 normal none running none; animation-composition: replace; app-region: none; appearance: none; aspect-ratio: auto; backdrop-filter: none; backface-visibility: visible; background-image: none; background-position: 0% 0%; background-size: auto; background-repeat: repeat; background-attachment: scroll; background-origin: padding-box; background-clip: border-box; background-blend-mode: normal; baseline-shift: 0px; 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transform-style: flat; transition: all 0s ease 0s; translate: none; unicode-bidi: normal; user-select: text; vector-effect: none; view-timeline: none; view-transition-name: none; visibility: visible; border-block: 0px none #000000; border-inline: 0px none #000000; -webkit-border-image: none; -webkit-box-align: stretch; -webkit-box-decoration-break: slice; -webkit-box-direction: normal; -webkit-box-flex: 0; -webkit-box-ordinal-group: 1; -webkit-box-orient: horizontal; -webkit-box-pack: start; -webkit-font-smoothing: auto; -webkit-line-break: auto; -webkit-locale: 'EN-IN'; block-size: auto; margin-block: 0px; margin-inline: 0px; -webkit-mask-box-image-source: none; -webkit-mask-box-image-slice: 0 fill; -webkit-mask-box-image-width: auto; -webkit-mask-box-image-outset: 0; -webkit-mask-box-image-repeat: stretch; max-block-size: none; max-inline-size: none; min-block-size: 0px; min-inline-size: 0px; padding-block: 0px; padding-inline: 0px; -webkit-print-color-adjust: economy; -webkit-rtl-ordering: logical; -webkit-ruby-position: before; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-combine: none; -webkit-text-decorations-in-effect: none; -webkit-text-fill-color: #000000; -webkit-text-orientation: vertical-right; -webkit-text-security: none; -webkit-text-stroke: 0px #000000; -webkit-user-drag: none; -webkit-user-modify: read-only; -webkit-writing-mode: horizontal-tb; widows: 2; width: auto; will-change: auto; word-break: normal; word-spacing: 0px; writing-mode: horizontal-tb; x: 0px; y: 0px; z-index: auto; zoom: 1; border: 0px none #000000;"><span class="NormalTextRun SCXW127687583 BCX0">•</span></span></td> <td style="height: 10px; vertical-align: top; text-align: justify;" valign="top"> <p style="line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> A Brazilian subsidiary of the Company entered into a contract with Usiminas and Gerdau from which it committed to purchase steel coils for a remaining amount of approximately $109.6 million to use for manufacturing welded pipes for the Raia fields project in Brazil. </span></p> </td> </tr> <tr style="height: 17px;"> <td style="height: 17px; 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shape-rendering: auto; speak: normal; stop-color: #000000; stop-opacity: 1; stroke: none; stroke-dasharray: none; stroke-dashoffset: 0px; stroke-linecap: butt; stroke-linejoin: miter; stroke-miterlimit: 4; stroke-opacity: 1; stroke-width: 1px; tab-size: 8; table-layout: auto; text-align-last: auto; text-anchor: start; text-combine-upright: none; text-decoration: none solid #000000; text-decoration-skip-ink: auto; text-emphasis: none #000000; text-emphasis-position: over; text-indent: 0px; text-orientation: mixed; text-overflow: clip; text-rendering: auto; text-shadow: none; text-size-adjust: auto; text-transform: none; text-underline-offset: auto; text-underline-position: auto; white-space: pre-wrap; timeline-scope: none; touch-action: auto; transform: none; transform-box: view-box; transform-origin: 0px 0px; transform-style: flat; transition: all 0s ease 0s; translate: none; unicode-bidi: normal; user-select: text; vector-effect: none; view-timeline: none; view-transition-name: none; visibility: visible; border-block: 0px none #000000; border-inline: 0px none #000000; -webkit-border-image: none; -webkit-box-align: stretch; -webkit-box-decoration-break: slice; -webkit-box-direction: normal; -webkit-box-flex: 0; -webkit-box-ordinal-group: 1; -webkit-box-orient: horizontal; -webkit-box-pack: start; -webkit-font-smoothing: auto; -webkit-line-break: auto; -webkit-locale: 'EN-IN'; block-size: auto; margin-block: 0px; margin-inline: 0px; -webkit-mask-box-image-source: none; -webkit-mask-box-image-slice: 0 fill; -webkit-mask-box-image-width: auto; -webkit-mask-box-image-outset: 0; -webkit-mask-box-image-repeat: stretch; max-block-size: none; max-inline-size: none; min-block-size: 0px; min-inline-size: 0px; padding-block: 0px; padding-inline: 0px; -webkit-print-color-adjust: economy; -webkit-rtl-ordering: logical; -webkit-ruby-position: before; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-text-combine: none; -webkit-text-decorations-in-effect: none; -webkit-text-fill-color: #000000; -webkit-text-orientation: vertical-right; -webkit-text-security: none; -webkit-text-stroke: 0px #000000; -webkit-user-drag: none; -webkit-user-modify: read-only; -webkit-writing-mode: horizontal-tb; widows: 2; width: auto; will-change: auto; word-break: normal; word-spacing: 0px; writing-mode: horizontal-tb; x: 0px; y: 0px; z-index: auto; zoom: 1; border: 0px none #000000;"><span class="NormalTextRun SCXW127687583 BCX0">•</span></span></td> <td style="height: 10px; vertical-align: top; text-align: justify;" valign="top"> <p style="line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> A subsidiary of the Company entered into a contract with the supplier JFE Steel Corporation for the purchase of tubular material, including <span>13</span> Chrome alloy products following the closure of NKKTubes. Such contract foresees a penalty for a maximum amount of $30.9 million in case of early termination. </span></p> </td> </tr> </tbody> </table> </div> <p style="margin:0pt"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In addition, Tenaris (i) applied for stand-by letters of credit as well as corporate guarantees covering certain obligations of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> as described in note</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>14</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (c) and (ii) issued performance guarantees mainly related to long-term commercial contracts with several customers and parent companies for approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">3.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> billion as of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">December 31,</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2023</span>.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">(iii)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">Restrictions </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">on</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"> the distribution of profits and payment of dividends</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In accordance with Luxembourg Law, the Company is required to transfer a minimum of 5% of its net profit for each financial year to a legal reserve until such reserve equals 10% of the issued share capital.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, this reserve is fully allocated and additional allocations to the reserve are not required under Luxembourg law. Dividends may not be paid out of the legal reserve.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company may pay dividends to the extent, among other conditions, that it has distributable retained earnings calculated in accordance with Luxembourg law and regulations</span><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; line-height: inherit;">.</span></p> | |
| CY2023Q4 | ts |
Performance Guarantees Issued
PerformanceGuaranteesIssued
|
3600000000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Cash Flow Statement Explanatory
DisclosureOfCashFlowStatementExplanatory
|
<p style="line-height: 12pt;margin: 0pt 0pt 0pt 21.3pt;text-align: justify;text-indent: -21.3pt;font-family: 'Frutiger 45 Light';color: #003366;font-size: 10pt;font-weight: bold;"><span style="font-size: 10pt; color: #003366;"><span style="border-left: none; border-right: none;"><span><b>30</b></span><span> </span></span></span><span style="font-family: 'Frutiger 45 Light'; color: #003366; font-size: 10pt; font-weight: bold;">Cash flow disclosures </span></p> <p style="font-family: 'times new roman', times; line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><br/></p> <div style="font-family: 'times new roman', times; border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 326px;" width="100%"> <tbody> <tr style="height: 20px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 4.93527%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 59.0615%;"> <p style="margin: 0pt;"><br/></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; vertical-align: bottom; width: 34.466%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 1.21359%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; width: 9.87055%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; width: 1.21359%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; width: 1.21359%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; width: 9.87055%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; width: 1.21359%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; width: 1.21359%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; vertical-align: bottom; width: 9.87055%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.21359%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (i) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Changes in working capital <span style="font-size: 8pt;"><sup>(*)</sup></span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: center;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Inventories </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 186,903 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,329,865 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,085,024 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables and prepayments and current tax assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 64,000 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (155,449 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (79,912 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade receivables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 153,920 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,208,278 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (356,069 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Other liabilities </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 28,275 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 57,389 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,892 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Customer advances </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (101,646 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 151,066 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 44,661 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Trade payables </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (149,024 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 353,892 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 399,988 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 182,428 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (2,131,245 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (1,071,464 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (ii) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Income tax accruals less payments </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Tax accrued </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 674,956 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 617,236 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 189,448 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Taxes paid </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (818,347 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (359,585 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (153,846 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-weight: bold;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (143,391</span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 257,651 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 35,602 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (iii) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Interest accruals less payments, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interest accrued, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (106,612 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (34,080 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (14,371 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interest received</span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 147,473 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 68,335 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 24,567 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Interest paid </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (94,341 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (32,775 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (21,559 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 4.93527%;"> <p style="margin: 0pt; text-align: right;"><br/></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 59.0615%;"> <p style="margin: 0pt;"><br/></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (53,480 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 1,480 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 9.87055%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (11,363 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1.21359%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> <p style="line-height: 9pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p> <p style="line-height: 9pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><span style="font-family: 'Frutiger 45 Light'; font-size: 5.33pt; vertical-align: super;"><span style="font-size: 8pt;">(*)</span> </span><span><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt;">Changes in working capital do not include non-cash movements due to the variations in the exchange rates used by subsidiaries with functional currencies different from the U.S. dollar.</span></span></p> </div> | |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Inventories
AdjustmentsForDecreaseIncreaseInInventories
|
186903000 | usd |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Inventories
AdjustmentsForDecreaseIncreaseInInventories
|
-1329865000 | usd |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Inventories
AdjustmentsForDecreaseIncreaseInInventories
|
-1085024000 | usd |
| CY2023 | ts |
Adjustments For Increase Decrease In Receivables And Prepayments And Current Tax Assets
AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets
|
64000000 | usd |
| CY2022 | ts |
Adjustments For Increase Decrease In Receivables And Prepayments And Current Tax Assets
AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets
|
-155449000 | usd |
| CY2021 | ts |
Adjustments For Increase Decrease In Receivables And Prepayments And Current Tax Assets
AdjustmentsForIncreaseDecreaseInReceivablesAndPrepaymentsAndCurrentTaxAssets
|
-79912000 | usd |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Trade And Other Receivables
AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables
|
153920000 | usd |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Trade And Other Receivables
AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables
|
-1208278000 | usd |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Trade And Other Receivables
AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables
|
-356069000 | usd |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
28275000 | usd |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
57389000 | usd |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Other Liabilities
AdjustmentsForIncreaseDecreaseInOtherLiabilities
|
4892000 | usd |
| CY2023 | ifrs-full |
Adjustments For Decrease Increase In Loans And Advances To Customers
AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers
|
-101646000 | usd |
| CY2022 | ifrs-full |
Adjustments For Decrease Increase In Loans And Advances To Customers
AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers
|
151066000 | usd |
| CY2021 | ifrs-full |
Adjustments For Decrease Increase In Loans And Advances To Customers
AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers
|
44661000 | usd |
| CY2023 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
-149024000 | usd |
| CY2022 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
353892000 | usd |
| CY2021 | ifrs-full |
Adjustments For Increase Decrease In Trade And Other Payables
AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables
|
399988000 | usd |
| CY2023 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
-182428000 | usd |
| CY2022 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
2131245000 | usd |
| CY2021 | ifrs-full |
Increase Decrease In Working Capital
IncreaseDecreaseInWorkingCapital
|
1071464000 | usd |
| CY2023 | ts |
Income Taxes Accrued
IncomeTaxesAccrued
|
674956000 | usd |
| CY2022 | ts |
Income Taxes Accrued
IncomeTaxesAccrued
|
617236000 | usd |
| CY2021 | ts |
Income Taxes Accrued
IncomeTaxesAccrued
|
189448000 | usd |
| CY2023 | ifrs-full |
Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
|
818347000 | usd |
| CY2022 | ifrs-full |
Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
|
359585000 | usd |
| CY2021 | ifrs-full |
Income Taxes Paid Refund Classified As Operating Activities
IncomeTaxesPaidRefundClassifiedAsOperatingActivities
|
153846000 | usd |
| CY2023 | ifrs-full |
Adjustments For Income Tax Expense
AdjustmentsForIncomeTaxExpense
|
-143391000 | usd |
| CY2022 | ifrs-full |
Adjustments For Income Tax Expense
AdjustmentsForIncomeTaxExpense
|
257651000 | usd |
| CY2021 | ifrs-full |
Adjustments For Income Tax Expense
AdjustmentsForIncomeTaxExpense
|
35602000 | usd |
| CY2023 | ts |
Interest Accrued
InterestAccrued
|
106612000 | usd |
| CY2022 | ts |
Interest Accrued
InterestAccrued
|
34080000 | usd |
| CY2021 | ts |
Interest Accrued
InterestAccrued
|
14371000 | usd |
| CY2023 | ifrs-full |
Adjustments For Interest Income
AdjustmentsForInterestIncome
|
147473000 | usd |
| CY2022 | ifrs-full |
Adjustments For Interest Income
AdjustmentsForInterestIncome
|
68335000 | usd |
| CY2021 | ifrs-full |
Adjustments For Interest Income
AdjustmentsForInterestIncome
|
24567000 | usd |
| CY2023 | ifrs-full |
Interest Paid Classified As Operating Activities
InterestPaidClassifiedAsOperatingActivities
|
94341000 | usd |
| CY2022 | ifrs-full |
Interest Paid Classified As Operating Activities
InterestPaidClassifiedAsOperatingActivities
|
32775000 | usd |
| CY2021 | ifrs-full |
Interest Paid Classified As Operating Activities
InterestPaidClassifiedAsOperatingActivities
|
21559000 | usd |
| CY2023 | ifrs-full |
Adjustments For Finance Income Cost
AdjustmentsForFinanceIncomeCost
|
53480000 | usd |
| CY2022 | ifrs-full |
Adjustments For Finance Income Cost
AdjustmentsForFinanceIncomeCost
|
-1480000 | usd |
| CY2021 | ifrs-full |
Adjustments For Finance Income Cost
AdjustmentsForFinanceIncomeCost
|
11363000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Related Party Explanatory
DisclosureOfRelatedPartyExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span>31</span></span><span style="font: 10pt 'Times New Roman';"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Related party transactions</span></p> <p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">As of December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span>3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">:</span></p> <p style="line-height: 12pt; margin: 0pt; orphans: 0; text-align: justify; widows: 0;"><br/></p> <div id="t_ft_H7GDHDW85S00000000000000000000b"> <table style="width: 100%; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 40px;"> <tbody> <tr style="height: 10px;"> <td style="width: 3%; vertical-align: top; text-align: center; height: 10px;" valign="top"><span><span>•</span></span></td> <td style="width: 97%; vertical-align: top; height: 10px; padding: 1px 1px 10px; text-align: justify;" valign="top"> <p><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> San Faustin owned 713,605,187 shares in the Company, representing 60.45% of the Company’s capital and 61.10% of the voting rights. </span></p> </td> </tr> <tr style="height: 10px;"> <td style="vertical-align: top; text-align: center; height: 10px; width: 3%;" valign="top"><span><span>•</span></span></td> <td style="vertical-align: top; height: 10px; padding: 1px 1px 10px; text-align: justify; width: 97%;" valign="top"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">San Faustin owned all of its shares in the Company through its wholly-owned subsidiary Techint, a Luxembourg société à responsabilité limitée, who is the holder of record of the above-mentioned Tenaris shares.</span></p> </td> </tr> <tr style="height: 10px;"> <td style="vertical-align: top; text-align: center; height: 10px; width: 3%;" valign="top"><span><span>•</span></span></td> <td style="vertical-align: top; height: 10px; padding: 1px 1px 10px; text-align: justify; width: 97%;" valign="top"> <p><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Rocca & Partners Stichting Administratiekantoor Aandelen San Faustin, a private foundation located in the Netherlands (Stichting) (“RP STAK”) held voting shares in San Faustin sufficient in number to control San Faustin. </span></p> </td> </tr> <tr style="height: 10px;"> <td style="vertical-align: top; text-align: center; height: 10px; width: 3%;" valign="top"><span><span>•</span></span></td> <td style="vertical-align: top; height: 10px; text-align: justify; width: 97%;" valign="top"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-size: 13.3333px; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: -27.6667px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">No person or group of persons controls RP STAK.</span></td> </tr> </tbody> </table> </div> <p style="margin:0pt"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Based on the information most recently available to the Company, Tenaris’s directors and senior management as a group </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">owned </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">0.07%</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> of the Company’s issued shares.</span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Transactions and balances disclosed as with “non-consolidated parties” are those with companies over which Tenaris exerts significant influence in accordance with IFRS, but does not have control.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Transactions and balances disclosed as with “joint ventures” are those with companies over which Tenaris exerts joint control in accordance with IFRS, but does not have control. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">All other transactions and balances with related parties which are not non-consolidated parties and which are not consolidated are disclosed as “Other”. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The following transactions were carried out with related parties:</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 384px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 5%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (i) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 60%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Transactions </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (a) Sales of goods and services </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of goods to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 56,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 100,019 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 71,879 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of goods to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 121,679 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 151,884 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,467 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of services to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,564 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,472 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,164 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of services to joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 135 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 131 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 130 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of services to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 109,553 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 109,123 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 49,268 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 289,083 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 362,629 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 198,908 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (b) Purchases of goods and services </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of goods to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 324,556 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 555,257 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 225,319 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of goods to joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 72,741 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 101,620 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 69,610 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of goods to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 61,366 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 51,040 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 32,453 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of services to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,349 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,759 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of services to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,751 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 36,767 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,806 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 548,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 758,443 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 350,951 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (c) Financial Results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Income from joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,645 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,867 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 5,645 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,867 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (d) Dividends </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Dividends received from associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 69,216 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 64,189 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 78,926 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light';"> Dividends distributed to Techint Holdings S.àr.l. </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 385,347 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 321,122 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 192,673 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div> <div> <span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"> </span><br/></div> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 231px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 5%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (ii) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 72%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Period-end balances </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (a) Arising from sales / purchases of goods / services </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables from associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,589 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,012 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables from joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 63,374 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 60,123 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables from other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 62,986 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 78,370 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Payables to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (21,012 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (113,738 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Payables to joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (28,361 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (28,490 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Payables to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (11,488 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (13,283 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 73,088 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (8,006 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (b) Financial debt </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Finance lease liabilities from associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,650 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Finance lease liabilities from other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (375 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (483 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (1,834 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;"><span style="font-weight: bold;"><br/></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (2,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">In addition to the tables above, the Company issued various guarantees in favor of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Techgen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">; for further details, please see note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>14</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (c and d)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and note </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>27</span></span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">(ii)</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to these Consolidated Financial Statemen</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">t</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. No other material guarantees were issued in favor of other related parties.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Directors</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;"> and senior management compensation</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">During the years ended December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span style="border-left: none; border-right: none; line-height: inherit;">202</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none; line-height: inherit;">2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and <span style="border-left: none; border-right: none; line-height: inherit;">20</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>2</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span>1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, the cash compensation of Directors and Senior managers amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">47.5</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million, $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">35.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">37.7</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million respectively. These amounts include cash benefits paid to certain senior managers in connection with the pre-existing retirement plans. In addition, Directors and Senior managers received </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">388</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">437</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">382</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> thousand units for a total amount of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">5.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million, $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">5.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">3.9</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million respectively in connection with the Employee retention and long</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">term incentive program mentioned in note II.P.<span>3</span> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Employee benefits – </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Other long</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">-</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">term benefits</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">”</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> to these Consolidated Financial Statements.</span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Transactions Between Related Parties Explanatory
DisclosureOfTransactionsBetweenRelatedPartiesExplanatory
|
<div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 384px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td colspan="7" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 5%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (i) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 60%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Transactions </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (a) Sales of goods and services </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of goods to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 56,152 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 100,019 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 71,879 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of goods to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 121,679 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 151,884 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,467 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of services to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,564 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,472 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 1,164 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of services to joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 135 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 131 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 130 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Sales of services to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 109,553 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 109,123 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 49,268 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 289,083 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 362,629 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 198,908 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (b) Purchases of goods and services </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of goods to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 324,556 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 555,257 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 225,319 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of goods to joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 72,741 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 101,620 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 69,610 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of goods to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 61,366 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 51,040 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 32,453 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of services to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,349 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,759 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Purchases of services to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 76,751 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 36,767 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 13,806 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 548,763 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 758,443 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 350,951 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (c) Financial Results </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Income from joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5,645 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 2,867 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 5,645 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 3,804 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 2,867 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (d) Dividends </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Times New Roman'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Dividends received from associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 69,216 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 64,189 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 78,926 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-size: 10pt; font-family: 'Frutiger 45 Light';"> Dividends distributed to Techint Holdings S.àr.l. </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 385,347 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 321,122 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 192,673 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px;"><br/></td> </tr> </tbody> </table> </div> <div> <span style="font-family: 'Times New Roman'; font-size: 10pt; text-align: justify;"> </span><br/></div> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="height: 231px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td colspan="4" style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> At December 31, </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 5%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (ii) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 72%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Period-end balances </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; width: 1%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (a) Arising from sales / purchases of goods / services </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables from associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 7,589 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 9,012 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables from joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 63,374 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 60,123 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Receivables from other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 62,986 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 78,370 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Payables to associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (21,012 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (113,738 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Payables to joint ventures </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (28,361 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (28,490 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Payables to other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (11,488 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (13,283 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 73,088 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (8,006 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (b) Financial debt </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Finance lease liabilities from associated companies </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,459 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (1,650 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Finance lease liabilities from other related parties </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (375 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;">)</td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> (483 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 17px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (1,834 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;"><span style="font-weight: bold;">)</span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; height: 10px;"><span style="font-weight: bold;"><br/></span></td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> (2,133 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; height: 10px;"><span style="font-weight: bold;">)</span></td> </tr> </tbody> </table> </div> | |
| CY2023 | ts |
Revenue Related Party Transactions
RevenueRelatedPartyTransactions
|
289083000 | usd |
| CY2022 | ts |
Revenue Related Party Transactions
RevenueRelatedPartyTransactions
|
362629000 | usd |
| CY2021 | ts |
Revenue Related Party Transactions
RevenueRelatedPartyTransactions
|
198908000 | usd |
| CY2023 | ts |
Purchases Of Goods And Services Related Party Transactions
PurchasesOfGoodsAndServicesRelatedPartyTransactions
|
548763000 | usd |
| CY2022 | ts |
Purchases Of Goods And Services Related Party Transactions
PurchasesOfGoodsAndServicesRelatedPartyTransactions
|
758443000 | usd |
| CY2021 | ts |
Purchases Of Goods And Services Related Party Transactions
PurchasesOfGoodsAndServicesRelatedPartyTransactions
|
350951000 | usd |
| CY2023 | ts |
Income From Joint Ventures Related Party Transactions Financial Results
IncomeFromJointVenturesRelatedPartyTransactionsFinancialResults
|
5645000 | usd |
| CY2022 | ts |
Income From Joint Ventures Related Party Transactions Financial Results
IncomeFromJointVenturesRelatedPartyTransactionsFinancialResults
|
3804000 | usd |
| CY2021 | ts |
Income From Joint Ventures Related Party Transactions Financial Results
IncomeFromJointVenturesRelatedPartyTransactionsFinancialResults
|
2867000 | usd |
| CY2023Q4 | ts |
Amounts Receivable Payable Related Party Transactions
AmountsReceivablePayableRelatedPartyTransactions
|
73088000 | usd |
| CY2022Q4 | ts |
Amounts Receivable Payable Related Party Transactions
AmountsReceivablePayableRelatedPartyTransactions
|
-8006000 | usd |
| CY2023Q4 | ts |
Finance Lease Liabilities From Associated Companies
FinanceLeaseLiabilitiesFromAssociatedCompanies
|
-1459000 | usd |
| CY2022Q4 | ts |
Finance Lease Liabilities From Associated Companies
FinanceLeaseLiabilitiesFromAssociatedCompanies
|
-1650000 | usd |
| CY2023Q4 | ts |
Finance Lease Liabilities From Other Related Nonconsolidated Parties
FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties
|
-375000 | usd |
| CY2022Q4 | ts |
Finance Lease Liabilities From Other Related Nonconsolidated Parties
FinanceLeaseLiabilitiesFromOtherRelatedNonconsolidatedParties
|
-483000 | usd |
| CY2023Q4 | ts |
Financial Debt Related Parties
FinancialDebtRelatedParties
|
-1834000 | usd |
| CY2022Q4 | ts |
Financial Debt Related Parties
FinancialDebtRelatedParties
|
-2133000 | usd |
| CY2023 | ifrs-full |
Key Management Personnel Compensation Shortterm Employee Benefits
KeyManagementPersonnelCompensationShorttermEmployeeBenefits
|
47500000 | usd |
| CY2022 | ifrs-full |
Key Management Personnel Compensation Shortterm Employee Benefits
KeyManagementPersonnelCompensationShorttermEmployeeBenefits
|
35200000 | usd |
| CY2021 | ifrs-full |
Key Management Personnel Compensation Shortterm Employee Benefits
KeyManagementPersonnelCompensationShorttermEmployeeBenefits
|
37700000 | usd |
| CY2023 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
5600000 | usd |
| CY2022 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
5100000 | usd |
| CY2021 | ifrs-full |
Key Management Personnel Compensation Sharebased Payment
KeyManagementPersonnelCompensationSharebasedPayment
|
3900000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Additional Information Explanatory
DisclosureOfAdditionalInformationExplanatory
|
<p style="line-height: 12pt; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"><span style="border-left: none; border-right: none;">32 </span></span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Princ</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">ipal a</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">ccountant</span> <span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">f</span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">ees</span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">Total fees accrued for professional services rendered by PwC Network firms to Tenaris S.A. and its subsidiaries are detailed as follows: </span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 112px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 64.9351%;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span><br/></p> </td> <td colspan="7" style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; width: 33.8474%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 64.9351%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Audit fees </span></p> </td> <td style="padding: 0px; width: 9.98377%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,386 </span></p> </td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 9.98377%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,966 </span></p> </td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 9.98377%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,804 </span></p> </td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Audit-related fees </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 273 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 255 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 220 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Tax fees </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 148 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> All other fees </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,821 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,232 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,029 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> </tbody> </table> <p style="line-height: 10pt; margin: 0px; text-align: justify; text-indent: 0px;"> <br/></p> <p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">In addition, PwC Network firms </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">rendered $<span style="border-left: none; border-right: none;">242</span> </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">thousand for tax services </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">to the recently acquired</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Mattr’s pipe coating business unit</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;">.</span></p> | |
| CY2023 | ifrs-full |
Disclosure Of Auditors Remuneration Explanatory
DisclosureOfAuditorsRemunerationExplanatory
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 112px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 64.9351%;" valign="bottom"> <p style="margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 12pt;"> </span><br/></p> </td> <td colspan="7" style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; width: 33.8474%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Year ended December 31, </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> </span><br/></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold;"> <span>2023</span> </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2022</span> </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: center; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> <span>2021</span> </span></p> </td> <td style="background-color: #ffffff; padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; width: 64.9351%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Audit fees </span></p> </td> <td style="padding: 0px; width: 9.98377%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 4,386 </span></p> </td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 9.98377%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,966 </span></p> </td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; width: 9.98377%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 3,804 </span></p> </td> <td style="padding: 0px; width: 0.974026%; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Audit-related fees </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 273 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 255 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 220 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> Tax fees </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 148 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.98377%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> - </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.974026%; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> All other fees </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 14 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 11 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"> 5 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 64.9351%; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> Total </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,821 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,232 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.98377%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;"> 4,029 </span></p> </td> <td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.974026%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"><br/></td> </tr> </tbody> </table> | |
| CY2023 | ifrs-full |
Auditors Remuneration For Audit Services
AuditorsRemunerationForAuditServices
|
4386000 | usd |
| CY2022 | ifrs-full |
Auditors Remuneration For Audit Services
AuditorsRemunerationForAuditServices
|
3966000 | usd |
| CY2021 | ifrs-full |
Auditors Remuneration For Audit Services
AuditorsRemunerationForAuditServices
|
3804000 | usd |
| CY2023 | ts |
Auditors Remuneration For Auditrelated Fees
AuditorsRemunerationForAuditrelatedFees
|
273000 | usd |
| CY2022 | ts |
Auditors Remuneration For Auditrelated Fees
AuditorsRemunerationForAuditrelatedFees
|
255000 | usd |
| CY2021 | ts |
Auditors Remuneration For Auditrelated Fees
AuditorsRemunerationForAuditrelatedFees
|
220000 | usd |
| CY2023 | ifrs-full |
Auditors Remuneration For Tax Services
AuditorsRemunerationForTaxServices
|
148000 | usd |
| CY2022 | ifrs-full |
Auditors Remuneration For Tax Services
AuditorsRemunerationForTaxServices
|
usd | |
| CY2021 | ifrs-full |
Auditors Remuneration For Tax Services
AuditorsRemunerationForTaxServices
|
usd | |
| CY2023 | ifrs-full |
Auditors Remuneration For Other Services
AuditorsRemunerationForOtherServices
|
14000 | usd |
| CY2022 | ifrs-full |
Auditors Remuneration For Other Services
AuditorsRemunerationForOtherServices
|
11000 | usd |
| CY2021 | ifrs-full |
Auditors Remuneration For Other Services
AuditorsRemunerationForOtherServices
|
5000 | usd |
| CY2023 | ifrs-full |
Auditors Remuneration
AuditorsRemuneration
|
4821000 | usd |
| CY2022 | ifrs-full |
Auditors Remuneration
AuditorsRemuneration
|
4232000 | usd |
| CY2021 | ifrs-full |
Auditors Remuneration
AuditorsRemuneration
|
4029000 | usd |
| CY2023 | ts |
Auditors Remuneration For Acquisition Services
AuditorsRemunerationForAcquisitionServices
|
242000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Interests In Subsidiaries Explanatory
DisclosureOfInterestsInSubsidiariesExplanatory
|
<p style="line-height: 1.2; margin: 0pt 0pt 8pt 21.3pt; text-indent: -21.3pt;"><span style="text-indent: -21.3pt; font-size: 10pt; color: #003366; font-family: 'Frutiger 45 Light'; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;"><span style="border-left: none; border-right: none;">33 </span></span></span><span style="text-indent: -21.3pt; font-size: 10pt; color: #003366; font-family: 'Frutiger 45 Light'; font-weight: bold; line-height: inherit;">Principal subsidiaries</span><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The following is a list of Tenaris’s principal subsidiaries and its direct and indirect percentage of ownership of each controlled company at December 31, 202</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">3</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 305px; width: 100%;" width="100%"> <tbody> <tr style="height: 10px;"> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; width: 37.5731%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; width: 12.7193%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Country of Incorporation </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; width: 27.0468%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Main activity </span></p> </td> <td colspan="3" style="padding: 0px; height: 10px; width: 22.3684%; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: middle; border-bottom-color: rgb(0, 0, 0) !important;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; font-weight: bold; line-height: inherit;">Percentage of ownership at December 31, <span style="line-height: inherit;"><sup>(*)</sup></span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2021</span> </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> ALGOMA TUBES INC. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Canada </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> BREDERO SHAW INTERNATIONAL B.V. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company and supplier of pipe coating services </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;">NA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;">NA</span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> CONFAB INDUSTRIAL S.A. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> DALMINE S.p.A. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Italy </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> EXIROS B.V. and subsidiaries (a) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Procurement and trading services </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 50% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 50<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 50<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> HYDRIL COMPANY and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacture and marketing of premium connections </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> MAVERICK TUBE CORPORATION and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> P.T. SEAMLESS PIPE INDONESIA JAYA </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Indonesia </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 89% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 89<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 89<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> S.C. SILCOTUB S.A. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Romania </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> SAUDI STEEL PIPE CO. and subsidiaries (b) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Saudi Arabia </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> SIAT SOCIEDAD ANONIMA </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Argentina </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (c) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Argentina </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TALTA - TRADING AND MARKETING SOCIEDADE UNIPESSOAL LDA. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Portugal </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS BAY CITY, INC. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS CONNECTIONS BV </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Development, management and licensing of intellectual property </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS FINANCIAL SERVICES S.A. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Uruguay </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Financial company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES (CANADA) INC. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Canada </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Marketing of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Marketing of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES (UK) LTD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> United Kingdom </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company and marketing of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES S.A. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Uruguay </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company, marketing and distribution of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS INVESTMENTS (NL) B.V. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES and INVESTMENTS S.àr.l. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Luxembourg</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS QINGDAO STEEL PIPES LTD. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> China </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Processing of premium joints, couplings and automotive components </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS TUBOCARIBE LTDA. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Colombia </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TUBOS DE ACERO DE MEXICO, SA and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Mexico </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> </tbody> </table> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div style="border-top: 0.5pt solid #000000; margin: 0pt; line-height: 1.2;"> <p style="line-height: 10pt; margin: 0pt; padding-top: 1pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit;">(*)</span><span><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> All percentages rounded.</span></span></span></span></p> <p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Tenaris holds 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of Tubulars Finishing Nigeria Limited, 49% of Amaja Tubular Services Limited, 60% of Tenaris </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Baogang</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> Baotou Steel Pipes Ltd. Until <span>2022</span> held 98.4%</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of Tenaris Supply Chain S.A. and, until <span>2021</span> held 49% of Tubular Services Angola </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Lda</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. after which years it started holding 100% of each of both companies.</span></span></p> <p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;">(a) <span>Tenaris holds 50% of the voting rights. The Company recognizes the assets, liabilities, revenue and expenses in relation to its interest in the joint operation.</span></span></p> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">b</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">) </span><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Saudi Steel Pipe Co.</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> is a public company listed in the Saudi Arabian </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Stock Exchange</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> (</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Tad</span><span style="font-family: Calibri; line-height: inherit;">ā</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">wul</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">), Tenaris holds 47.79% and has the right to nominate the majority of the votes of the board of directors</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, therefore Tenaris has control over SSPC</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Since May, 2023, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Saudi Steel Pipe Co. holds 57.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">% of Global Pipe Company</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, therefore Tenaris has control over GPC.</span></span></span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(c) <span>Until its liquidation in April 2023</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Siderca</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> held 51% of </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">NKKTubes</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></p> </div> </div> | |
| CY2023 | ifrs-full |
Disclosure Of Significant Investments In Subsidiaries Explanatory
DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
|
<div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; height: 305px; width: 100%;" width="100%"> <tbody> <tr style="height: 10px;"> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; width: 37.5731%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Company </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; width: 12.7193%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center; line-height: 1.2;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Country of Incorporation </span></p> </td> <td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 20px; width: 27.0468%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> Main activity </span></p> </td> <td colspan="3" style="padding: 0px; height: 10px; width: 22.3684%; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: middle; border-bottom-color: rgb(0, 0, 0) !important;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-size: 8pt; line-height: inherit;"><span style="font-family: 'Frutiger 45 Light'; font-weight: bold; line-height: inherit;">Percentage of ownership at December 31, <span style="line-height: inherit;"><sup>(*)</sup></span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2023</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2022</span> </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; font-weight: bold; line-height: inherit;"> <span>2021</span> </span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> ALGOMA TUBES INC. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Canada </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> BREDERO SHAW INTERNATIONAL B.V. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company and supplier of pipe coating services </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;">NA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;">NA</span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> CONFAB INDUSTRIAL S.A. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Brazil </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> DALMINE S.p.A. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Italy </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> EXIROS B.V. and subsidiaries (a) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Procurement and trading services </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 50% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 50<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 50<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> HYDRIL COMPANY and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacture and marketing of premium connections </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> MAVERICK TUBE CORPORATION and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> P.T. SEAMLESS PIPE INDONESIA JAYA </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Indonesia </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 89% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 89<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 89<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> S.C. SILCOTUB S.A. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Romania </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> SAUDI STEEL PIPE CO. and subsidiaries (b) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Saudi Arabia </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48% </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 48<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> SIAT SOCIEDAD ANONIMA </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Argentina </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (c) </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Argentina </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TALTA - TRADING AND MARKETING SOCIEDADE UNIPESSOAL LDA. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Portugal </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS BAY CITY, INC. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS CONNECTIONS BV </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Development, management and licensing of intellectual property </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS FINANCIAL SERVICES S.A. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Uruguay </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Financial company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES (CANADA) INC. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Canada </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Marketing of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> USA</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Marketing of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES (UK) LTD </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> United Kingdom </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company and marketing of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES S.A. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Uruguay </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company, marketing and distribution of steel products </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS INVESTMENTS (NL) B.V. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Netherlands </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS GLOBAL SERVICES and INVESTMENTS S.àr.l. and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Luxembourg</span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Holding company </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS QINGDAO STEEL PIPES LTD. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> China </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Processing of premium joints, couplings and automotive components </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TENARIS TUBOCARIBE LTDA. </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Colombia </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of welded and seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 37.5731%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> TUBOS DE ACERO DE MEXICO, SA and subsidiaries </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 12.7193%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Mexico </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 27.0468%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> Manufacturing of seamless steel pipes </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; background-color: #cceeff; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> <td style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; height: 10px; width: 7.45614%; vertical-align: middle;" valign="middle"> <p style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 8pt; line-height: inherit;"> 100<span style="vertical-align: inherit;"><span style="vertical-align: inherit;">% </span></span></span></p> </td> </tr> </tbody> </table> </div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><br/></p> <div style="border-top: 0.5pt solid #000000; margin: 0pt; line-height: 1.2;"> <p style="line-height: 10pt; margin: 0pt; padding-top: 1pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; vertical-align: super; line-height: inherit;">(*)</span><span><span style="border-right: none; border-left: none;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> All percentages rounded.</span></span></span></span></p> <p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Tenaris holds 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of Tubulars Finishing Nigeria Limited, 49% of Amaja Tubular Services Limited, 60% of Tenaris </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Baogang</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> Baotou Steel Pipes Ltd. Until <span>2022</span> held 98.4%</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> of Tenaris Supply Chain S.A. and, until <span>2021</span> held 49% of Tubular Services Angola </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Lda</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. after which years it started holding 100% of each of both companies.</span></span></p> <p style="line-height: 10pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;">(a) <span>Tenaris holds 50% of the voting rights. The Company recognizes the assets, liabilities, revenue and expenses in relation to its interest in the joint operation.</span></span></p> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">b</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">) </span><span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Saudi Steel Pipe Co.</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> is a public company listed in the Saudi Arabian </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Stock Exchange</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> (</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Tad</span><span style="font-family: Calibri; line-height: inherit;">ā</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">wul</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">), Tenaris holds 47.79% and has the right to nominate the majority of the votes of the board of directors</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, therefore Tenaris has control over SSPC</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Since May, 2023, </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Saudi Steel Pipe Co. holds 57.3</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">% of Global Pipe Company</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">, therefore Tenaris has control over GPC.</span></span></span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-size: 9pt;"><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">(c) <span>Until its liquidation in April 2023</span></span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">,</span> <span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">Siderca</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;"> held 51% of </span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">NKKTubes</span><span style="font-family: 'Frutiger 45 Light'; line-height: inherit;">.</span></span></p> </div> </div> | |
| CY2023 | ifrs-full |
Disclosure Of Business Combinations Explanatory
DisclosureOfBusinessCombinationsExplanatory
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<p style="line-height: 1.2; margin: 0pt 0pt 0pt 21.3pt; text-align: justify; text-indent: -21.3pt;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"><span>34</span></span><span style="font-style: normal; font-variant: normal; font-kerning: auto; font-optical-sizing: auto; font-feature-settings: normal; font-variation-settings: normal; font-weight: normal; font-stretch: normal; font-size: 10pt; line-height: inherit; font-family: 'Times New Roman';"> </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;">Business combinations</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; letter-spacing: -0.1pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The application of the purchase method requires certain estimates and assumptions, mainly concerning the determination of the fair values of the acquired intangible assets, property, plant and equipment as well as the liabilities assumed at the date of the acquisition, including the timing and amounts of cash flow projections, the revenue growth rates, the customer attrition rates and the discount rate. The fair values determined at the acquisition date are based on discounted cash flows and other valuation techniques.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The preliminary purchase price allocations were carried out with the assistance of third-party experts. Following IFRS <span style="border-left: none; border-right: none;">3</span>, the Company will continue reviewing the allocations and make any necessary adjustments during the <span style="border-left: none; border-right: none;">twelve</span> months following each of the acquisition dates.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Whenever applicable, Tenaris recognizes the non-controlling interest at the proportionate share of the acquiree’s net identifiable assets.</span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; font-style: italic; font-weight: bold; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Global Pipe Company acquisition</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Acquisition and price determination</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On May 17, 2023, SSPC </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">acquired</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 22.3% of the shares of GPC from </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Erndtebruecker</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Eisenwerk</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (“EEW”), a German company that owned </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">35% interest in GPC, for a purchase price of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">6.3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> paid in cash. SSPC already owned 35% interest in GPC, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">and, as a result</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> of this transaction, SSPC </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">currently </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">holds </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">a </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">57.3% interest </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">in</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> GPC.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company consolidate</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> GPC’s balances and results of operations as from May 17, 2023. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The acquired business, which, contributed revenues of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">144.2</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">with a minor contribution to Tenaris’s results for the period starting May 17, 2023 and ending</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> December 31, 2023</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, were</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> assigned to Tubes segment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Had the transaction been consummated on January 1, 2023, then Tenaris’s unaudited </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">pro forma net sales and net income would not have changed materially.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Fair value of net assets acquired</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The allocation of the fair values determined for the assets and liabilities arising from the acquisition is as follows:</span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 83px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair value of acquired assets and liabilities as of acquisition date (May, 17, <span style="border-left: none; border-right: none;">2023</span>): </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> $ million </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 89%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Property, Plant and Equipment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10%; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">173 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 10px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Working capital </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">34 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"><br/></td> </tr> <tr style="height: 17px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Cash and Cash Equivalents </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">2 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Borrowings </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">(123 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 16px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 16px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other assets and liabilities, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (6 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net assets acquired </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> <p style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; text-align: right; margin: 0px; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">80 </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris accounted for this transaction as a step-acquisition whereby Tenaris’s ownership interest in GPC held before the acquisition, which amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">23.5</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million, was remeasured to fair value at that date. As a result, Tenaris recorded a gain of approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">4.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million resulting from the difference between the carrying value of its initial investments in GPC and the fair value, which was included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Equity in earnings of non-consolidated companies</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in the Consolidated Income Statement. The non-controlling interests in GPC amounted to $34.1 million.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of the net assets and liabilities acquired shown above amounted to approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">80</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. As a result of the acquisition, Tenaris recognized an additional gain for approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">11.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million also included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Equity in earnings of non-consolidated companies</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">in the Consolidated Income Statement.</span></p> <div> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; text-align: justify;"> </span><br/></div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Acquisition-related costs for the year ended <span style="border-left: none; border-right: none;">2022</span> were not material and for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the year ended December 31, 2023</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> amounted to $0.3 million and were included in general and administrative expenses. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">SSPC and the other owners of GPC have issued corporate guarantees to secure the repayment of loan agreements entered into by GPC with the Saudi Investment Development Fund, the Saudi British Bank, the National Commercial Bank and Banque Saudi Fransi to finance GPC’s capital expenditures and working capital. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">As a result of this acquisition, SSPC assumed a portion of EEW’s corporate guarantees. As of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">December 31, 2023</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> SSPC’s aggregate exposure to GPC’s financial debt amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">72</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. </span><br/></p> <p style="line-height: 1.2; margin: 10pt 0pt 0pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of Anticorrosion Coating Assets in Italy</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Acquisition and price determination</span></li> </ul> <p style="font-size: 10pt; line-height: 1.2; margin: 0pt 0pt 8pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On July 1, 2023, an Italian subsidiary of the Company completed its previously announced acquisition of all of the assets and related rights, duties, liabilities and contracts of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Mediterranean </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">S.r.l.’s</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (“</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">”) </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">anticorrosion coating division</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> for EUR</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">9.0</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million (approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">9.8</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million) paid in cash</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> was established in <span style="border-left: none; border-right: none;">2009</span> in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Villamarzana</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in Italy. It operates in an area of about 65,000 square meters (covered and uncovered) with pipe pre-insulation (district heating) and anticorrosive coating (oil & gas) production lines.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company consolidated </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Isoplus</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> anticorrosion coating division balances and results of operations as from July 1, 2023. The acquired business revenues, assigned to Tubes segment, were not material, with a minor contribution to the Company’s results for the period starting July 1, 2023 and ending </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">December</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 3</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">1</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span style="border-left: none; border-right: none;">2023</span>. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Had the transaction been consummated on January 1, 2023, then Tenaris’s unaudited pro forma net sales and net income would not have changed materially.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Fair value of net assets acquired</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The allocation of the fair values determined for the assets and liabilities arising from the acquisition is as follows:</span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 54px;" width="100%"> <tbody> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair value of acquired assets and liabilities as of acquisition date (July, 1, <span style="border-left: none; border-right: none;">2023</span>): </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> $ million </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 87%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Property, Plant and Equipment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 12%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">11</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"><br/></td> </tr> <tr style="height: 17px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Working capital </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">2</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net assets acquired </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"><span style="font-size: 10pt; line-height: inherit;">13 </span></span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 12pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of the net assets and liabilities acquired shown above amounted to approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">13</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. As a result of the acquisition, Tenaris recognized an additional gain for approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">3.2</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million also included in </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Other Income and Expenses</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">in the Consolidated Income Statement.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Acquisition-related costs for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">year ended December 31, 2023,</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> were not material</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> and were included in general and administrative expenses.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of Republic Tube pipe processing facility</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Acquisition and price determination</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On September 6, 2023, a U.S. subsidiary of the Company acquired all of the assets and related rights, duties, liabilities and contracts of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Republic Tube LLC’s OCTG pipe processing facility</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> in Houston, Texas.</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> T</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">he </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">final acquisition</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> price amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">90.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million in cash.</span></p> <div> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; text-align: justify;"> </span><br/></div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The plant, located on the northeast side of Houston, adds heat treatment and finishing lines, further complementing Tenaris’s existing operations, and increasing its capacity to serve the domestic market.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company consolidated the balances and results of operations of the acquired business as from September 6, 2023. </span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">The acquired business revenues, assigned to Tubes segment, were not material, with a minor contribution to the Company’s results for the period starting </span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">September</span> <span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">6</span></span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">, <span style="border-left: none; border-right: none;">2023</span>, and ending </span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">December</span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;"> 3</span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;"><span style="border-left: none; border-right: none;">1</span></span><span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">, <span style="border-left: none; border-right: none;">2023</span>.</span> <span style="font-size: 10pt; font-family: 'Frutiger 45 Light'; line-height: inherit;">Had the transaction been consummated on January 1, 2023, then Tenaris’s unaudited pro forma net sales and net income would not have changed materially.</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Fair value of net assets acquired</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The allocation of the fair values determined for the assets and liabilities arising from the acquisition is as follows:</span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="height: 55px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px;"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 9pt; font-weight: bold; line-height: inherit;"> Fair value of acquired assets and liabilities as of acquisition date (September, 6, <span style="border-left: none; border-right: none;">2023</span>): </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> $ million </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px;"><br/></td> </tr> <tr style="height: 15px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 15px; width: 89%; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Property, Plant and Equipment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 15px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">85 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; height: 15px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Working capital </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (1 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other assets and liabilities, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 2 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net assets acquired </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"><span style="border-left: none; border-right: none;">85</span> </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><br/></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of the net assets and liabilities acquired shown above amounted to approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">85.5</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. As a result of the acquisition, Tenaris recognized goodwill for approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">5.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. The goodwill is deductible for tax purposes.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The goodwill generated by the acquisition is mainly attributable to the synergy created following the integration between the businesses, which is expected to enhance Tenaris’s position as well as its local manufacturing presence in the U.S. market, and also expand its services capabilities.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Acquisition-related costs for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the year ended December 31, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">amounted to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">0.5</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and were included in general and administrative expenses.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Acquisition of </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">the </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; font-weight: bold; line-height: inherit;">Pipe Coating Business Unit of Mattr</span></p> <ul> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Acquisition and price determination</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">On November 30, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Tenaris completed the acquisition of Mattr’s pipe coating business unit for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">$</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">182.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> paid in cash</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Under the purchase contract, the acquisition price was paid based on an estimated closing statement; the final price is subject to a true-up adjustment based on actual amounts of cash, indebtedness, working capital and certain other items as of the closing date</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, which are currently being assessed by management and will be subsequently reviewed by the seller.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The business acquired includes nine plants located in Canada, Mexico, Norway, Indonesia, the UAE and the U.S., and several mobile concrete plants. The business also includes world-class R&D facilities in Toronto and Norway and a wide IP/product portfolio.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The Company consolidated the balances and results of operations of the acquired business as from </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">November</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"><span style="border-left: none; border-right: none;">30</span></span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, <span style="border-left: none; border-right: none;">2023</span>. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The acquired business contributed revenues of $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">77.0</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">mainly related to spot projects, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">with a minor contribution to Tenaris’s results for the period starting November 30, 2023 and ending December 31, 2023</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">, were</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> assigned to </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Others</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> segment</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">. </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Had the transaction been consummated on January 1, 2023, then Tenaris’s unaudited pro forma net sales and net income would not have changed materially.</span></p> <div> </div> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <ul style="margin: 0px;"> <li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt -3.42pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-style: italic; line-height: inherit;">Fair value of net assets acquired</span></li> </ul> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The allocation of the fair values determined for the assets and liabilities arising from the acquisition is as follows:</span></p> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Times New Roman'; font-size: 10pt; line-height: inherit;"> </span></p> <table cellpadding="0" cellspacing="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 80px; text-indent: 0px;" width="100%"> <tbody> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 88.6792%;"> <p style="margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Fair value of acquired assets and liabilities as of acquisition date (November 30, 2023): </span></p> </td> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 10px; width: 10.0082%;"> <p style="margin: 0pt; text-align: center;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> $ million </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; width: 1.23052%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 88.6792%; height: 10px;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Property, Plant and Equipment </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 10.0082%; height: 10px; margin: 0px; text-indent: 0px;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 126 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.23052%; height: 10px; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 88.6792%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Intangible assets </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 10.0082%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 29 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 1.23052%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 88.6792%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Working capital </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 10.0082%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (13 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.23052%; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 88.6792%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Cash and Cash Equivalents </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 10.0082%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 21 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 1.23052%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 88.6792%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Provisions </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 10.0082%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> (7 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.23052%; margin: 0px; text-indent: 0px;">)</td> </tr> <tr style="height: 10px;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; width: 88.6792%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> Other assets and liabilities, net </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; width: 10.0082%;"> <p style="margin: 0px; text-align: right; padding-left: 0px; padding-right: 0px; text-indent: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> 13 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; width: 1.23052%; margin: 0px; text-indent: 0px;"><br/></td> </tr> <tr style="height: 10px; background-color: #cceeff;"> <td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 88.6792%;"> <p style="margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;"> Net assets acquired </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 10.0082%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> <p style="margin: 0px; text-align: right; text-indent: 0px; padding-left: 0px; padding-right: 0px;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold; line-height: inherit;">169 </span></p> </td> <td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.23052%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"><br/></td> </tr> </tbody> </table> <p style="line-height: 1.2; margin: 0pt;"><span style="font-family: 'Frutiger 45 Light'; font-size: 11pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">The fair value of the net assets and liabilities acquired shown above amounted to approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">169.0</span> <span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">million. As a result of the acquisition, Tenaris recognized goodwill for approximately $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">13.6</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million. The goodwill is not deductible for tax purposes. The allocations of the purchase price will be finalized once all the information is obtained, but not to exceed one year from the acquisition date.</span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> </span></p> <p style="line-height: 1.2; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">Acquisition-related costs for </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">the year ended December 31, 2023, </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">amounted </span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">to $</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;">1.1</span><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt; line-height: inherit;"> million and were included in general and administrative expenses.</span></p> | |
| CY2023Q3 | ts |
Area Of Operations
AreaOfOperations
|
65000 | |
| CY2023Q4 | ts |
Maximum Period To Decide Aloocations Of Purchase Price
MaximumPeriodToDecideAloocationsOfPurchasePrice
|
P1Y | |
| CY2023 | ts |
Nationalization Of Subsidiaries Compensation Award Collected
NationalizationOfSubsidiariesCompensationAwardCollected
|
82000000 | usd |
| CY2023 | ts |
Nationalization Of Subsidiaries Net Results
NationalizationOfSubsidiariesNetResults
|
33300000 | usd |
| CY2023Q4 | ts |
Stock Repurchased Program Payment Authorised
StockRepurchasedProgramPaymentAuthorised
|
1200000000 | usd |
| CY2023Q4 | ts |
Stock Repurchased Program Shares Authorised
StockRepurchasedProgramSharesAuthorised
|
75400000 | shares |
| CY2023Q4 | ts |
Percentage Of Stock Repurchased Program Shares Authorised
PercentageOfStockRepurchasedProgramSharesAuthorised
|
0.064 | pure |
| CY2020Q2 | ts |
Percentage Of Limit Shares Buyback Authorized
PercentageOfLimitSharesBuybackAuthorized
|
0.10 | pure |
| CY2023 | ts |
Number Of Treasury Shares Purchased
NumberOfTreasurySharesPurchased
|
12648091 | shares |
| CY2023 | ifrs-full |
Purchase Of Treasury Shares
PurchaseOfTreasuryShares
|
213700000 | usd |
| CY2023Q4 | ts |
Amount Payable Under Share Buyback
AmountPayableUnderShareBuyback
|
86200000 | usd |
| CY2023 | ifrs-full |
Disclosure Of Events After Reporting Period Explanatory
DisclosureOfEventsAfterReportingPeriodExplanatory
|
<p style="line-height: 12pt; margin: 0px; text-align: justify; text-indent: 0px;"><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">39 </span><span style="color: #003366; font-family: 'Frutiger 45 Light'; font-size: 10pt; font-weight: bold;">Events after the reporting period</span></p> <p style="line-height: 1;margin: 0px;text-align: justify;text-indent: 0px;font-size: 7pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: -0.133333px; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Annual Dividend Proposal and Second Tranche of Share Buyback Program </span><sup><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-style: italic; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: -0.133333px; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">3</span></sup></span></p> <p style="line-height: 1;margin: 0px;text-align: justify;text-indent: 0px;font-size: 7pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">Upon approval of the Company´s annual accounts in March 2024, the Board of Directors intends to propose, for the approval of the Annual General Shareholders' meeting to be held on April 30, 2024, the payment of an annual dividend of $0.60 per share ($1.20 per ADS), or approximately $700 million, which includes the interim dividend of $0.20 per outstanding share ($0.40 per ADS) or approximately $235 million, paid on November 22, 2023. If the annual dividend is approved by the shareholders, a dividend of $0.40 per share ($0.80 per ADS), or approximately $465 million will be paid on May 22, 2024, with an ex-dividend date of May 20, 2024. These Consolidated Financial Statements do not reflect this dividend payable.</span></span></p> <p style="line-height: 1;margin: 0px;text-align: justify;text-indent: 0px;font-size: 7pt;"><br/></p> <p style="line-height: 12pt; margin: 0pt; text-align: justify;"><span style="font-family: 'Frutiger 45 Light'; font-size: 10pt;"><span style="color: #000000; font-family: 'Frutiger 45 Light'; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: justify; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">The second $300 million tranche of the Company’s previously announced $1.2 billion share buyback began on Monday, February 26, 2024, and is expected to end no later than May 24, 2024.</span></span></p> | |
| CY2023Q4 | ifrs-full |
Dividends Paid Ordinary Shares Per Share
DividendsPaidOrdinarySharesPerShare
|
0.2 | |
| CY2023Q4 | ts |
Dividends Paid Per American Depositary Security
DividendsPaidPerAmericanDepositarySecurity
|
0.4 | |
| CY2023Q4 | ifrs-full |
Dividends Paid
DividendsPaid
|
235000000 | usd |
