XML 137 R42.htm IDEA: XBRL DOCUMENT v3.20.1
SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of entity's operating segments [Abstract]  
Disclosure of operating segments
 
Year ended December 31, 2019
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
10,186,171

 
364,058

 
(357,411
)
 
10,192,818

Cost of sales
(8,552,493
)
 
(259,535
)
 
359,588

 
(8,452,440
)
 
 
 
 
 
 
 
 
Gross profit
1,633,679

 
104,523

 
2,177

 
1,740,378

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(885,146
)
 
(12,330
)
 
—

 
(897,475
)
Other operating income, net
21,931

 
(268
)
 
—

 
21,663

 
 
 
 
 
 
 
 
Operating income - IFRS
770,466

 
91,924

 
2,177

 
864,566

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
10,230,650

 
417,619

 
(410,972
)
 
10,237,297

Operating income
841,169

 
146,636

 
2,177

 
989,982

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
99,315

Effect of inflation adjustment (Note 4 (cc))
 
 
 
 
 
 
(224,731
)
 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
864,566

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(98,969
)
Equity in earnings (losses) of non-consolidated companies
 
 
 
 
 
 
60,967

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
826,564

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(612,744
)
 
(48,368
)
 
—

 
(661,112
)
 
Year ended December 31, 2018
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
11,453,420

 
282,000

 
(280,613
)
 
11,454,807

Cost of sales
(8,524,890
)
 
(239,893
)
 
281,455

 
(8,483,328
)
 
 
 
 
 
 
 
 
Gross profit
2,928,530

 
42,107

 
842

 
2,971,479

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(860,881
)
 
(15,883
)
 
—

 
(876,764
)
Other operating income, net
12,950

 
706

 
—

 
13,656

 
 
 
 
 
 
 
 
Operating income - IFRS
2,080,599

 
26,930

 
842

 
2,108,371

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
11,723,883

 
333,892

 
(332,505
)
 
11,725,270

Operating income
1,768,115

 
91,418

 
(6,213
)
 
1,853,319

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
541,492

Effect of inflation adjustment (Note 4 (cc))
 
 
 
 
 
 
(286,440
)
 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
2,108,371

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(179,576
)
Equity in earnings (losses) of non-consolidated companies
 
 
 
 
 
 
102,772

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
2,031,567

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(537,885
)
 
(51,415
)
 
—

 
(589,299
)
5.    SEGMENT INFORMATION (continued)
 
Year ended December 31, 2017
 
Steel
 
Mining
 
Inter-
segment
eliminations
 
Total
IFRS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
9,700,260

 
271,477

 
(271,441
)
 
9,700,296

Cost of sales
(7,465,751
)
 
(212,860
)
 
275,586

 
(7,403,025
)
 
 
 
 
 
 
 
 
Gross profit
2,234,509

 
58,617

 
4,145

 
2,297,271

 
 
 
 
 
 
 
 
Selling, general and administrative expenses
(811,487
)
 
(12,760
)
 
—

 
(824,247
)
Other operating income, net
(17,011
)
 
771

 
—

 
(16,240
)
 
 
 
 
 
 
 
 
Operating income - IFRS
1,406,011

 
46,628

 
4,145

 
1,456,784

 
 
 
 
 
 
 
 
Management view
 
 
 
 
 
 
 
Net sales
9,700,260

 
287,152

 
(287,116
)
 
9,700,296

Operating income
1,065,605

 
66,694

 
(1,291
)
 
1,131,008

Reconciliation items:
 
 
 
 
 
 
 
Differences in Cost of sales
 
 
 
 
 
 
325,776

 
 
 
 
 
 
 
 
Operating income - IFRS
 
 
 
 
 
 
1,456,784

 
 
 
 
 
 
 
 
Financial income (expense), net
 
 
 
 
 
 
(165,090
)
Equity in earnings (losses) of non-consolidated companies
 
 
 
 
 
 
68,115

 
 
 
 
 
 
 
 
Income before income tax expense - IFRS
 
 
 
 
 
 
1,359,809

 
 
 
 
 
 
 
 
Depreciation and amortization - IFRS
(424,529
)
 
(49,770
)
 
—

 
(474,299
)
Disclosure of geographical areas
 
Year ended December 31, 2019
 
Mexico
 
Southern
region
 
Other markets (2)
 
Total
 
 
 
 
 
 
 
 
Net sales
5,477,690

 
1,704,132

 
3,010,996

 
10,192,818

 
 
 
 
 
 
 
 
Non-current assets (1)
4,584,802

 
1,008,860

 
1,889,757

 
7,483,419

 
Year ended December 31, 2018
 
Mexico
 
Southern
region
 
Other markets (2)
 
Total
 
 
 
 
 
 
 
 
Net sales
6,345,137

 
1,941,168

 
3,168,502

 
11,454,807

 
 
 
 
 
 
 
 
Non-current assets (1)
4,093,288

 
1,071,705

 
1,665,140

 
6,830,133

 
Year ended December 31, 2017
 
Mexico
 
Southern
region
 
Other markets (2)
 
Total
 
 
 
 
 
 
 
 
Net sales
5,629,267

 
2,316,444

 
1,754,585

 
9,700,296

 
 
 
 
 
 
 
 
Non-current assets (1)
4,042,914

 
643,411

 
1,756,007

 
6,442,332

(1) Includes Property, plant and equipment and Intangible assets.
(2) Includes the assets related to the business acquisition disclosed in note 3.
Disclosure of products and services
 
Year ended December 31,
 
2019
 
2018
 
2017
 
 
 
 
 
 
Semi-finished (1)
51,496

 
103,099

 
123,752

Slabs
1,753,090

 
1,818,235

 
715,513

Hot rolled (2)
3,275,941

 
3,961,144

 
3,366,697

Cold rolled
1,165,406

 
1,264,940

 
1,321,663

Coated (3)
3,263,463

 
3,506,040

 
3,391,328

Roll-formed and tubular (4)
380,688

 
437,514

 
472,253

Other products (5)
302,734

 
363,835

 
309,090

 
 
 
 
 
 
TOTAL SALES
10,192,818

 
11,454,807

 
9,700,296

(1)
Semi-finished includes billets and round bars.
(2)
Hot rolled includes hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods.
(3)
Coated includes tin plate and galvanized products.
(4)
Roll-formed and tubular includes tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks and pre-engineered metal building systems.
(5)
Other products include mainly sales of energy and pig iron.