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I.GENERAL INFORMATION Tenaris S.A. (the “Company”) was established as a public limited liability company (société anonyme) 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 “Tenaris” refer to the Company and its consolidated subsidiaries. A list of the principal Company’s subsidiaries is included in note 32 to these Consolidated Financial Statements. The Company’s shares trade on the Italian Stock Exchange and the Mexican Stock Exchange; and the Company’s American Depositary Securities (“ADS”) trade on the New York Stock Exchange. These Consolidated Financial Statements were approved for issuance by the Company’s Board of Directors on February 15, 2023.

II. ACCOUNTING POLICIES The principal 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. ABasis of presentation The Consolidated Financial Statements of Tenaris have been prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”) and in accordance with IFRS as adopted by the European Union, under the historical cost convention, as modified by the revaluation of certain financial assets 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 (“$”). Whenever necessary, certain comparative amounts have been reclassified to conform to changes in presentation in the current year. 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. The main areas involving significant estimates or judgements are: impairment of goodwill and long-lived assets (notes II.H), impairment in investments in associates (note II.B); income taxes (note II.O); obsolescence of inventory (note II.J); contingencies (note II.Q); allowance for trade receivables (note II.K); post-employment and other long-term benefits (note II.P); business combinations (notes II.B); useful lives of property, plant and equipment and other long-lived assets (notes II.E, II.F, II.H); fair value estimation of certain financial instruments (notes III.B, IV.34) and property title ownership restriction (note IV.27). During the year there were no material changes in the significant accounting estimates and judgements. (1)Accounting pronouncements applicable as from January 1, 2022 Accounting pronouncements that became effective during 2022 have no material effect on the Company’s financial condition or results of operations. (2)New accounting pronouncements not applicable as of December 31, 2022 Certainnewly published accounting standards, amendments to accounting standards and interpretations are not mandatory for December 31, 2022 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. BGroup accounting (1)Subsidiaries and transactions with non-controlling interests 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. 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. The acquisition method of accounting is used to account for the acquisition of subsidiaries by Tenaris. The cost of an acquisition is measured as the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of exchange. Acquisition-related costs are expensed as incurred. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are generally measured initially at their fair values at the acquisition date. 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 identifiable assets. The excess of the aggregate of the consideration transferred and the amount of any non-controlling interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the Consolidated Income Statement. Contingent consideration is classified either as equity or as a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss. Transactions with non-controlling interests that do not result in a loss of control are accounted 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. 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. Material intercompany transactions, balances and unrealized gains (losses) on transactions between Tenaris subsidiaries have been eliminated in consolidation. However, since the functional currency of some subsidiaries is its respective local currency, some financial gains (losses) arising from intercompany transactions are generated. These are included in the Consolidated Income Statement under Other financial results. (2)Non-consolidated companies 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 (associates and joint ventures) are accounted for by the equity method of accounting and are initially recognized at cost (as defined by IAS 28, “Investments in Associates and Joint Ventures”). The Company’s investment in non-consolidated companies includes goodwill identified in acquisition, net of any accumulated impairment loss. Under the equity method of accounting, 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. 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 are adjusted where necessary to ensure consistency with IFRS. The Company’s pro-rata share of earnings in non-consolidated companies is recorded in the Consolidated Income Statement under Equity in earningsof non-consolidated companies. The Company’s pro-rata share of changes in other comprehensive income is recognized in the Consolidated Statement of Comprehensive Income. a) Ternium At December 31, 2022, Tenaris held 11.46% of Ternium S.A. (“Ternium”) common stock. The following factors and circumstances evidence that Tenaris has significant influence over Ternium: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;">Both the Company and Ternium are under the indirect common control of San Faustin S.A. (“San Faustin”);</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;">Four out of nine members of Ternium’s Board of Directors (including Ternium’s Chairman) are also members of the Company’s Board of Directors;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;">Under the shareholders’ agreement by and between the Company and Techint Holdings S.àr.l, a wholly owned subsidiary of San Faustin and Ternium’s main shareholder, dated January 9, 2006, Techint Holdings S.àr.l, is required to take actions within its power to cause (a) one of the members of Ternium’s Board of Directors to be nominated by the Company and (b) any director nominated by the Company to be removed from Ternium’s Board of Directors only pursuant to previous written instructions of the Company.</li></ul> b) Usiminas At December 31, 2022, Tenaris held, through its Brazilian subsidiary Confab Industrial S.A. (“Confab”), 36.5 million ordinary shares and 1.3 million preferred shares of Usinas Siderúrgicas de Minas Gerais S.A. - Usiminas (“Usiminas”), representing 5.19% of its shares with voting rights and 3.07% of its total share capital. Confab’s acquisition of the Usiminas shares was part of a larger transaction performed on January 16, 2012, pursuant to which Tenaris’s affiliate Ternium (through certain of its subsidiaries) and Confab acquired a large block of Usiminas ordinary shares and joined Usiminas’ existing control group. Subsequently, in 2016, Ternium and Confab subscribed to additional ordinary shares and to preferred shares. At December 31, 2022, the Usiminas control group held, in the aggregate, 483.6 million ordinary shares bound to the Usiminas shareholders’ agreement, representing approximately 68.6% of Usiminas’ voting capital. The Usiminas control group, which is bound by a long-term shareholders’ agreement that governs the rights and obligations of Usiminas’ control group members, is currently composed of three sub-groups: the T/T Group, comprising Confab and certain Ternium entities; the NSC Group, comprising Nippon Steel Corporation (“NSC”), Metal One Corporation and Mitsubishi Corporation; and Usiminas’ pension fund Previdência Usiminas. The T/T Group holds approximately 47.1% of the total shares held by the control group (39.5% corresponding to the Ternium entities and the other 7.6% corresponding to Confab); the NSC Group holds approximately 45.9% of the total shares held by the control group; and Previdência Usiminas holds the remaining 7%. The corporate governance rules reflected in the Usiminas shareholders agreement include, among others, an alternation mechanism for the nomination of each of the Chief Executive Officer (“CEO”) and the Chairman of the Board of Directors of Usiminas, as well as a mechanism for the nomination of other members of Usiminas’ executive board. The Usiminas shareholders agreement also provides for an exit mechanism consisting of a buy-and-sell procedure (exercisable at any time after November 16, 2022, and applicable with respect to shares held by NSC and the T/T Group), which would allow either Ternium or NSC to purchase all or a majority of the Usiminas shares held by the other shareholder. Confab and the Ternium entities party to the Usiminas shareholders agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. Such separate agreement includes, among others, provisions granting Confab certain rights relating to the T/T Group’s nomination of Usiminas’ officers and directors under the Usiminas shareholders agreement. Those circumstances evidence that Tenaris has significant influence over Usiminas. c) Techgen Techgen S.A. de C.V. (“Techgen”), which operates an electric power plant in Mexico, is a joint venture company owned 48% by Ternium, 30% by Tecpetrol International S.A. (“Tecpetrol”) and 22% by Tenaris. The Company, Ternium and Tecpetrol are parties to a shareholders’ agreement relating to the governance of Techgen and are under the indirect common control of San Faustin. Based on the facts stated above, the Company has determined that it has significant influence over this entity. d) Global Pipe Company Global Pipe Company (“GPC”) is a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Tenaris, through its subsidiary Saudi Steel Pipe Company (“SSPC”), currently owns 35% of the share capital of GPC. In accordance with GPC’s bylaws, SSPC’s 35% equity interest entitles SSPC to appoint four of the eleven members of the Board of Directors of GPC. In addition, SSPC has the ability to block any shareholder resolution. Based on the facts stated above, the Company has determined that it has significant influence over this entity. Tenaris carries its investments in non-consolidated companies under 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. For more information see note 13 to these Consolidated Financial Statements. CSegment information The Company is organized in one major business segment, Tubes, which is also the reportable operating segment. All other business activities and operating segments that are not required to be separately reported, are disclosed in the Other segment. 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 oil and gas industry worldwide, 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 style="font-size: 10.0pt; mso-bidi-font-size: 12.0pt; font-family: 'Frutiger 45 Light','sans-serif'; mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: 'Times New Roman'; mso-ansi-language: EN-US; mso-fareast-language: EN-US; mso-bidi-language: AR-SA;">The Other segment includes all business activities related to the production and selling of sucker rods, industrial equipment, coiled tubing, tubes used for plumbing applications, oilfield / hydraulic fracturing services, energy and raw materials that exceed internal requirements. Tenaris’s Chief Operating Decision Maker (“CODM”) holds monthly meetings with senior management, in which operating and financial performance information is reviewed. This information differs from IFRS principally as follows: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">The use of direct cost methodology to calculate the inventories, while under IFRS it is at full cost, including absorption of production overheads and depreciations;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">The use of costs based on previously internally defined cost estimates, while, under IFRS, costs are calculated at historical cost, mainly on a FIFO basis;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">Any currency translation adjustment reclassification, when applicable, for companies that under IFRS had a different functional currency than the U.S. dollar;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">Other timing differences, if any.</li></ul> Tenaris presents its geographical information in five areas: North America, South America, Europe, Middle East and Africa and Asia Pacific. For purposes of reporting geographical information, net sales are allocated to geographical areas based on the customer’s location; allocation of assets, capital expenditures and associated depreciations and amortizations are based on the geographical location of the assets. DForeign currency translation (1)Functional and presentation currency IAS 21 (revised), “The effects of changes in foreign exchange rates” defines the functional currency as the currency of the primary economic environment in which an entity operates. The functional and presentation currency of the Company is the U.S. dollar. The U.S. dollar is the currency that best reflects the economic substance of the underlying events and circumstances relevant to Tenaris’s global operations. Starting January 1, 2023, the Company changed the functional currency of its Brazilian subsidiaries, from the Brazilian Real to the U.S. dollar. This decision is a result of a significant increase of its Brazilian Subsidiaries’ participation in the OCTG and line pipe international markets, a trend which started in recent years and has been strengthened in 2022, an increased level of integration of the local operations within Tenaris’s international commercial and supply chain system, as well as the fact that the main purchase agreement contracts and the long term sales agreement contracts with major international and local oil companies are both indexed to the U.S. dollar. Local steel prices are also being affected by the U.S. dollar / Brazilian Real fluctuations. As a result of this change, except for the Italian subsidiaries whose functional currency is the Euro, Tenaris determined that the functional currency of its other subsidiaries is the U.S. dollar, based on the following principal considerations: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">Sales are mainly negotiated, denominated and settled in U.S. dollars. If priced in a currency other than the U.S. dollar, the sales price may consider exposure to fluctuation in the exchange rate against the U.S. dollar;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">Prices of their critical raw materials and inputs are priced and / or settled in U.S. dollars; </li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">Transaction and operational environment and the cash flow of these operations have the U.S. dollar as reference currency; </li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">Significant level of integration of the local operations within Tenaris’s international global distribution network;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">Net financial assets and liabilities are mainly received and maintained in U.S. dollars;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.27pt; text-align: justify; text-indent: 0pt;">The exchange rate of certain legal currencies has long-been affected by recurring and severe economic crises.</li></ul> (2)Transactions in currencies other than the functional currency 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 valuation where items are re-measured. 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 the fair value was determined. 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 Other financial results in the Consolidated Income Statement, except when deferred in equity as qualifying cash flow hedges and qualifying net investment hedges. (3)Translation of financial information in currencies other than the functional currency 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 year-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 the Consolidated Income Statement as a gain or loss from the sale following IAS 21. 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 rate. EProperty, plant and equipment Property, plant and equipment are recognized at historical acquisition or construction cost less accumulated depreciation and impairment losses. Historical cost includes expenditure that is directly attributable to the acquisition of the items. Property, plant and equipment acquired through acquisitions accounted for as business combinations have been valued initially at the fair market value of the assets acquired. Major overhaul and rebuilding expenditures are capitalized as property, plant and equipment only when it is probable that future economic benefits associated with the item will flow to the Company and the investment enhances the condition of assets beyond its original condition. The carrying amount of the replaced part is derecognized. Maintenance expenses on manufacturing properties are recorded as cost of products sold in the year in which they are incurred. Cost may also include transfers from equity of any gains or losses on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. 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 IAS 23 (revised), “Borrowing Costs”. Assets for which borrowing costs are capitalized are those that require a substantial period of time to prepare for their intended use. The depreciation method is reviewed at each year end. Depreciation is calculated using the straight-line method to depreciate the cost of each asset to its residual value over its estimated useful life, as follows: <table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%"><tbody><tr style="height: 16px; background-color: #ffffff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> Land </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> No Depreciation </td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"> Buildings and improvements </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;">30-50 years </td></tr><tr style="height: 16px; background-color: #ffffff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> Plant and production equipment </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;">10-40 years </td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"> Vehicles, furniture and fixtures, and other equipment </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;">4-10 years </td></tr></tbody></table> The assets’ residual values and useful lives of significant plant and production equipment are reviewed and adjusted, if appropriate, at each year-end date. 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. Management’s re-estimation of assets useful lives, performed in accordance with IAS 16, “Property, Plant and Equipment”, resulted in additional depreciation expenses of approximately $39 million for 2022, of $45 million for 2020 and did not materially affect depreciation expenses for 2021. Tenaris depreciates each significant part of an item of property, plant and equipment for its different production facilities 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. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount of assets and are recognized under Other operating income or Other operating expenses in the Consolidated Income Statement. FIntangible assets (1)Goodwill Goodwill represents the excess of the acquisition cost over the fair value of Tenaris’s share of net identifiable assets acquired as part of business combinations determined mainly by independent valuations. Goodwill is tested at least annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Goodwill is included in the Consolidated Statement of Financial Position under Intangible assets, net. For the purpose of impairment testing, goodwill is allocated to a cash generating unit (“CGU”) or group of CGUs that are expected to benefit from the business combination which generated the goodwill being tested. (2)Information systems projects 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 one year and comply with the recognition criteria of IAS 38, “Intangible Assets”. Information systems projects recognized as assets are amortized using the straight-line method over their useful lives, generally not exceeding a period of 3 years. Amortization charges are mainly classified as Selling, general and administrative expenses in the Consolidated Income Statement. Management’s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022 and 2021 and resulted in additional amortization expenses of $11.1 million for 2020. (3)Licenses, patents, trademarks and proprietary technology Licenses, patents, trademarks, and proprietary technology acquired in a business combination 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 using the straight-line method to allocate the cost over their estimated useful lives, which are in the range between 3 and 10 years. Amortization charges are mainly classified as Cost of Sales in the Consolidated Income Statement. The balance of acquired trademarks that have indefinite useful lives according to external appraisal amounts to $86.7 million at December 31, 2022, 2021 and 2020, and are included in Hydril CGU. Main factors considered in the determination of the indefinite useful lives include the years that they have been in service and their recognition among customers in the industry. Management’s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022, 2021 and 2020. (4)Research and development Research expenditures as well as development costs that do not fulfill the criteria for capitalization are recorded as Cost of sales in the Consolidated Income Statement as incurred. Research and development expenditures included in Cost of sales for the years 2022, 2021 and 2020 totaled $50.7 million, $45.3 million and $41.8 million, respectively. Capitalized costs were not material for the years 2022, 2021 and 2020. (5)Customer relationships In accordance with IFRS 3, "Business Combinations" and IAS 38, Tenaris has recognized the value of customer relationships separately from goodwill attributable to the acquisition of Maverick Tube Corporation (“Maverick”) and Hydril Company (“Hydril”) groups, as well as the more recent acquisitions of SSPC and Ipsco Tubulars Inc. (“IPSCO”). 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 liveswhich were approximately 14 years for Maverick, 10 years for Hydril,9 years for SSPC and 3 years for IPSCO. In 2022, the Company has reviewed the useful life of SSPC’s customer relationships and decided to reduce it from 5 years to 3 years, consequently a higher amortization charge of approximately $4.1 million was recorded in the Consolidated Income Statement under Selling, general and administrative expenses for the year ended December 31, 2022. Management’s re-estimation of assets useful lives, performed in accordance with IAS 38, did not affect amortization expenses for 2021 and 2020. As of December 31, 2022 the net book value ofSSPC’s customer relationship amounts to $41.5 million, with a residual useful life of 3 years, while IPSCO’s, Maverick’s and Hydril’s customer relationships are fully amortized. GRight-of-use assets and lease liabilities 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 term on a straight-line basis. 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. 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 with similar terms and conditions. Right-of-use assets are measured at cost comprising the amount of the initial measurement of 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. In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option or early termination, or not to 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). Payments associated with short-term leases, variable leases and leases of low 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. HImpairment of non-financial assets Long-lived assets including identifiable intangible assets are reviewed for impairment at the lowest level for which there are separately identifiable cash flows (CGU). 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. 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 are tested more frequently if events or circumstances indicate that the carrying amount value may be impaired. In some circumstances where there have not been significant changes to CGU assets and liabilities as well as external and internal events which could materially alter the recoverable amount of the CGU, the most recent detailed calculation of recoverable amount made in a preceding period may be used in the impairment test for that CGU in the current period. 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, economic and regulatory factors, such as the cost of raw materials, oil and gas prices, and the evolution of the rig count. 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: (a) first, to reduce the carrying amount of any goodwill allocated to the CGU; and(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 zero. Value in use is calculated by discounting the estimated cash flows over a five year period (or higher if the period can be justified) based on forecasts approved by management. For the subsequent years beyond the five-year 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. 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. 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. 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 see note 5 to these Consolidated Financial Statements. IOther investments Other investments consist primarily of investments in financial instruments and time deposits with a maturity of more than three months at the date of purchase. Certain non-derivative financial assets that the Company held not for trading have been categorized as financial assets at fair value through other comprehensive income (“FVOCI”), as the business model objective is achieved by both holding financial assets in order to collect contractual cash flows and selling financial assets. They are carried at fair value and 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. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement. FVOCI instruments with maturities greater than 12 months after the balance sheet date are included in non-current assets. Other investments in financial instruments and time deposits are categorized as financial assets at fair value through profit or loss (“FVPL”) because such investments are held for trading and their performance is evaluated on a fair value basis. The results of these investments are recognized in Financial Results in the Consolidated Income Statement. Purchases and sales of financial investments are recognized as of their settlement date. The fair values of quoted investments are generally 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. See section III Financial Risk Management. <div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div>JInventories 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, freights and other direct costs and related production overhead costs, and it excludes borrowing costs. The allocation of fixed production costs, including depreciation and amortization charges, is based on the normal level of production capacity. Inventories cost is mainly based on the FIFO method. Tenaris estimates 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. Goods in transit as of year-end are valued based on the supplier’s invoice cost. 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. KTrade and other receivables Trade and other receivables are recognized initially at fair value that corresponds to the amount of consideration that is unconditional unless they contain significant financing components. The Company holds trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized cost using the effective interest method. Due to the short-term nature, their carrying amount is considered to be the same as their fair value. Tenaris applies the IFRS 9 “Financial Instruments”simplified approach to measure expected credit losses, 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 threeyears and the corresponding historical credit losses experienced within this period. The expected loss allowance also reflects current and forward-looking information on macroeconomic factors affecting the ability ofeach customer to settle the receivables. LCash and cash equivalents Cash and cash equivalents are comprised of cash at banks, liquidity funds and short-term investments with a maturity of less than three 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 approximates fair market value. In the Consolidated Statement of Financial Position, bank overdrafts are included in Borrowings in current liabilities. For the purposes of the Consolidated Statement of Cash Flows, Cash and cash equivalents includes overdrafts. MEquity (1)Equity components The Consolidated Statement of Changes in Equity includes: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; font-size: 10pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;">The value of share capital, legal reserve, share premium and other distributable reserves calculated in accordance with Luxembourg law;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;">The currency translation adjustment, other reserves, retained earnings and non-controlling interest calculated in accordance with IFRS. </li></ul> (2)Share capital The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. Total ordinary shares issued and outstanding as of December 31, 2022, 2021 and 2020 are 1,180,536,830 with a par value of $1.00 per share with one vote each. All issued shares are fully paid. <div><div style="border-left: none; border-right: none;"/></div>(3)Dividends distribution by the Company to shareholders 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. Dividends may be paid by the Company to the extent that it has distributable retained earnings, calculated in accordance with Luxembourg law. See note 26 (iii) to these Consolidated Financial Statements. NBorrowings 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. OCurrent and deferred income tax The income tax expense or credit for the period is the tax payable or recoverable 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. Tax is recognized in the Consolidated Income Statement, except for tax items recognized in other comprehensive income or directly in equity. 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. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulations are subject to interpretation and establishes provisions when appropriate. Deferred income tax is recognized applying the liability method on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements. The temporary differences arise mainly from the effect of currency translation on depreciable fixed assets and inventories, depreciation on property, plant and equipment, valuation of inventories, provisions for post-employment benefits and other long-term employee benefits, fair value adjustments of assets acquired in business combinations and net operating loss carry-forwards. 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. 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. Deferred tax assets are recognized to the extent that it is probable that future taxable income will be available against which the temporary differences can be utilized. At the end of each reporting period, Tenaris reassesses unrecognized deferred tax assets. Tenaris recognizes a previously unrecognized deferred tax asset to the extent that it has become probable that future taxable income will allow the deferred tax asset to be recovered. Deferred tax liabilities and assets are not recognized for temporary differences between the carrying amount and tax basis 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. 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. Deferred tax assets and liabilities are re-measured if tax rates change. These amounts are charged or credited to the Consolidated Income Statement or to the item Other comprehensive income in the Consolidated Statement of Comprehensive Income, depending on the account to which the original amount was charged or credited. <div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div>PEmployee benefits (1)Short-term obligations 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. (2)Post-employment benefits 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 one or more factors such as age, years of service and compensation. 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. Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in Other comprehensive income in the period in which they arise. Past-service costs are recognized immediately in the Income Statement. For defined benefit funded plans, net interest income / expense is calculated based on the surplus or deficit derived by the difference between the defined benefit obligations less fair value of plan assets. 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. Tenaris sponsors funded and unfunded defined benefit pension plans in certain subsidiaries. The most significant are: <ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;">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 benefits based on years of service and final average salary. As of December 31, 2022 the outstanding liability for this plan amounts to $43.1 million.</li></ul> <ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;">Employees’ service rescission indemnity: the 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 accrued for employees at Tenaris’s 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, Tenaris’s 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 limited to the contributions of 2007 onwards. As of December 31, 2022 the outstanding liability for this plan amounts to $10.7 million.</li></ul> <ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; 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: 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: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Funded retirement benefit plan held in the U.S. for the benefit of some employees hired prior a certain date, 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 funds. Additionally, an unfunded post-retirement health and life plan is present that offers limited medical and life insurance benefits to the retirees, frozen to new participants. As of December 31, 2022 the outstanding liability for these plans amounts to $7.1 million. </li></ul> <div><div style="border-left: none; border-right: none;"/></div><ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; 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: 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: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">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 primarily of investments in debt and equity instruments. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen for the purposes of credited service as well as determination of final average pay. As of December 31, 2022 the plan was overfunded and the net assets related to this plan amounted to $10.4 million. </li></ul> (3)Other long-term benefits During 2007, Tenaris launched an employee retention and long-term incentive program (the “Program”) applicable to certain senior officers and employees of the Company, who will be granted a number of units throughout the duration of the Program. The value of each of these units is based on Tenaris’s shareholders’ equity (excluding non-controlling interest). Until the end of 2017, the units were vested ratably over a period of four years and were mandatorily redeemed by the Company ten years after grant date, with the option of an early redemption at seven years after the grant date. Since 2018, the units are vested ratably over the same period and are mandatorily redeemed by the Company seven years after grant date. The beneficiaries of the Program are 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. The payment of the benefit is tied to the book value of the shares, and not to their market value. Tenaris valued this long-term incentive program as a long-term benefit plan as classified in IAS 19, “Employee Benefits”. As of December 31, 2022 and 2021, the outstanding liability corresponding to the Program amounts to $94.4 million and $84.2 million, respectively. The total value of the units granted (vested and unvested) to date under the program, considering the number of units and the book value per share as of December 31, 2022 and 2021, is $123.9 million and $99.6 million, respectively. (4)Termination benefits 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 recognizes 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 37 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. (5)Other compensation obligations Employee entitlements to annual leave, long-service leave, sick leave and other bonuses and compensations obligations are accrued as earned. Compensation to employees in the event of dismissal is charged to income in the year in which it becomes payable. <div style="border-left: none; border-right: none; line-height: 1.2;"><div style="border-left: none; border-right: none;">QProvisions 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. Tenaris’s 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, as a result of past events, a potential loss from a claim or proceeding is considered probable and the amount can be reliably 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 Tenaris’s litigation and settlement strategies. These estimates are primarily constructed with the assistance of legal counsel. As the scope of liabilities become better defined, there may be changes in the estimates of future costs which could have a material adverse effect on its results of operations, financial condition and cash flows. 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.</div> <div><div style="border-left: none; border-right: none;"/></div>This note should be read in conjunction with note 26 to these Consolidated Financial Statements.</div> RTrade and other payables Trade and other payables are recognized initially at fair value, generally the nominal invoice amount and subsequently measured at amortized cost. They are presented as current liabilities unless payment is not due within twelve months after the reporting period. Due to the short-term nature their carrying amounts are considered to be the same as their fair value. SRevenue recognition Revenue comprises the fair value of the consideration received or receivable for the sale of goods and rendering of 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. Revenue is recognized at a point in time or over 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. The control is transferred upon delivery. 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. These conditions are determined and analyzed on a contract by contract basis to ensure that all performance obligations are fulfilled. In particular, Tenaris verifies customer acceptance of the goods, the satisfaction of delivery terms and any other applicable condition. For bill and hold transactions 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 does not have the ability to use the product or to direct it to another customer; (d) the usual payment terms apply. The Company’s contracts with customers 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 rights of return are based on expected value considering past experience and contract conditions. 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. 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. Tenaris provides services primarily related to goods sold, which represent a non-material portion of sales revenue and mainly include: Pipe Management Services: This comprises mainly preparation of the pipes ready to be run, delivery to the customer, storage services and rig return. Field Services: Comprises field technical support and running assistance. These services are rendered in connection to the sales of goods and are 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. The Company also provides hydraulic fracturing and coiled tubing services. The revenue related to these services is included in the Other segment. Revenue from providing services is recognized over time in the accounting period in which the services are rendered. The following inputs and outputs methods are applied to recognize revenue considering the nature of service: <div><div style="border-left: none; border-right: none;"/></div>Storage services: the Company provides storage services in owned or third-party warehouses, subject to a variable fee to be invoiced. This fee is determined based on the time that the customer maintains the material in the warehouse and the 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). Freights: the Company recognized the revenue on a pro rata basis considering the units delivered and time elapsed. Field services: the revenue is recognized considering output methods, in particular surveys of service completion provided by the customer. 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 one year. As a consequence, considering that the contracts do not include any significant financing component, the Company does not adjust any of the transaction prices 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. 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. Other revenues earned by Tenaris are recognized on the following basis: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li 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;">Interest income: on the effective yield basis. </li><li 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;">Dividend income from investments in other companies: when Tenaris’s right to receive payment is established.</li><li 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;">Construction contracts revenues are recognized in accordance with the stage of the project completion.</li></ul> <h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;">TCost of sales and other selling expenses</h4> Cost of sales and other selling expenses are recognized in the Consolidated Income Statement on the accrual basis of accounting. Commissions, freights and other selling expenses, including shipping and handling costs, are recorded in Selling, general and administrative expenses in the Consolidated Income Statement.<h4 style="line-height: 11pt; margin: 0pt; text-align: justify;"> </h4><h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;">UEarnings per share</h4> Earnings per share are calculated by dividing the income attributable to the shareholders’ equity by the daily weighted average number of common shares outstanding during the year. There are no dilutive potential ordinary shares. <h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;">VFinancial instruments</h4> Non derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowings and trade and other payables. The Company classifies its financial instruments according to the following measurement categories: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"> those to be measured subsequently at fair value (either through OCI or through profit or loss), and</li><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"> those to be measured at amortised cost.</li></ul> The classification depends on the Company’s business model for managing the financial assets and contractual terms of the cash flows. 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. 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. <div><div style="border-left: none; border-right: none;"/></div>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 three measurement categories into which the Company classifies its debt instruments: Amortized Cost: 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. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement. Fair value through other comprehensive income: 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. Fair value through profit and loss: 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. Equity instruments are subsequently measured at fair value. Accounting for derivative financial instruments and hedging activities is included within the section III, Financial Risk Management.

ABasis of presentation The Consolidated Financial Statements of Tenaris have been prepared in accordance with International Financial Reporting Standards (“IFRS”), as issued by the International Accounting Standards Board (“IASB”) and in accordance with IFRS as adopted by the European Union, under the historical cost convention, as modified by the revaluation of certain financial assets 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 (“$”). Whenever necessary, certain comparative amounts have been reclassified to conform to changes in presentation in the current year. 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. The main areas involving significant estimates or judgements are: impairment of goodwill and long-lived assets (notes II.H), impairment in investments in associates (note II.B); income taxes (note II.O); obsolescence of inventory (note II.J); contingencies (note II.Q); allowance for trade receivables (note II.K); post-employment and other long-term benefits (note II.P); business combinations (notes II.B); useful lives of property, plant and equipment and other long-lived assets (notes II.E, II.F, II.H); fair value estimation of certain financial instruments (notes III.B, IV.34) and property title ownership restriction (note IV.27). During the year there were no material changes in the significant accounting estimates and judgements. (1)Accounting pronouncements applicable as from January 1, 2022 Accounting pronouncements that became effective during 2022 have no material effect on the Company’s financial condition or results of operations. (2)New accounting pronouncements not applicable as of December 31, 2022 Certainnewly published accounting standards, amendments to accounting standards and interpretations are not mandatory for December 31, 2022 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.

BGroup accounting (1)Subsidiaries and transactions with non-controlling interests 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. 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. The acquisition method of accounting is used to account for the acquisition of subsidiaries by Tenaris. The cost of an acquisition is measured as the fair value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the date of exchange. Acquisition-related costs are expensed as incurred. Identifiable assets acquired, liabilities and contingent liabilities assumed in a business combination are generally measured initially at their fair values at the acquisition date. 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 identifiable assets. The excess of the aggregate of the consideration transferred and the amount of any non-controlling interest in the acquiree over the fair value of the identifiable net assets acquired is recorded as goodwill. If this is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the Consolidated Income Statement. Contingent consideration is classified either as equity or as a financial liability. Amounts classified as a financial liability are subsequently remeasured to fair value with changes in fair value recognized in profit or loss. If the business combination is achieved in stages, the acquisition date carrying value of the acquirer’s previously held equity interest in the acquiree is remeasured to fair value at the acquisition date. Any gains or losses arising from such remeasurement are recognized in profit or loss. Transactions with non-controlling interests that do not result in a loss of control are accounted 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. 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. Material intercompany transactions, balances and unrealized gains (losses) on transactions between Tenaris subsidiaries have been eliminated in consolidation. However, since the functional currency of some subsidiaries is its respective local currency, some financial gains (losses) arising from intercompany transactions are generated. These are included in the Consolidated Income Statement under Other financial results. (2)Non-consolidated companies 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 (associates and joint ventures) are accounted for by the equity method of accounting and are initially recognized at cost (as defined by IAS 28, “Investments in Associates and Joint Ventures”). The Company’s investment in non-consolidated companies includes goodwill identified in acquisition, net of any accumulated impairment loss. Under the equity method of accounting, 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. 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 are adjusted where necessary to ensure consistency with IFRS. The Company’s pro-rata share of earnings in non-consolidated companies is recorded in the Consolidated Income Statement under Equity in earningsof non-consolidated companies. The Company’s pro-rata share of changes in other comprehensive income is recognized in the Consolidated Statement of Comprehensive Income. a) Ternium At December 31, 2022, Tenaris held 11.46% of Ternium S.A. (“Ternium”) common stock. The following factors and circumstances evidence that Tenaris has significant influence over Ternium: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;">Both the Company and Ternium are under the indirect common control of San Faustin S.A. (“San Faustin”);</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;">Four out of nine members of Ternium’s Board of Directors (including Ternium’s Chairman) are also members of the Company’s Board of Directors;</li><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 16.68pt; padding-left: 4.62pt; text-align: justify; text-indent: 0pt;">Under the shareholders’ agreement by and between the Company and Techint Holdings S.àr.l, a wholly owned subsidiary of San Faustin and Ternium’s main shareholder, dated January 9, 2006, Techint Holdings S.àr.l, is required to take actions within its power to cause (a) one of the members of Ternium’s Board of Directors to be nominated by the Company and (b) any director nominated by the Company to be removed from Ternium’s Board of Directors only pursuant to previous written instructions of the Company.</li></ul> b) Usiminas At December 31, 2022, Tenaris held, through its Brazilian subsidiary Confab Industrial S.A. (“Confab”), 36.5 million ordinary shares and 1.3 million preferred shares of Usinas Siderúrgicas de Minas Gerais S.A. - Usiminas (“Usiminas”), representing 5.19% of its shares with voting rights and 3.07% of its total share capital. Confab’s acquisition of the Usiminas shares was part of a larger transaction performed on January 16, 2012, pursuant to which Tenaris’s affiliate Ternium (through certain of its subsidiaries) and Confab acquired a large block of Usiminas ordinary shares and joined Usiminas’ existing control group. Subsequently, in 2016, Ternium and Confab subscribed to additional ordinary shares and to preferred shares. At December 31, 2022, the Usiminas control group held, in the aggregate, 483.6 million ordinary shares bound to the Usiminas shareholders’ agreement, representing approximately 68.6% of Usiminas’ voting capital. The Usiminas control group, which is bound by a long-term shareholders’ agreement that governs the rights and obligations of Usiminas’ control group members, is currently composed of three sub-groups: the T/T Group, comprising Confab and certain Ternium entities; the NSC Group, comprising Nippon Steel Corporation (“NSC”), Metal One Corporation and Mitsubishi Corporation; and Usiminas’ pension fund Previdência Usiminas. The T/T Group holds approximately 47.1% of the total shares held by the control group (39.5% corresponding to the Ternium entities and the other 7.6% corresponding to Confab); the NSC Group holds approximately 45.9% of the total shares held by the control group; and Previdência Usiminas holds the remaining 7%. The corporate governance rules reflected in the Usiminas shareholders agreement include, among others, an alternation mechanism for the nomination of each of the Chief Executive Officer (“CEO”) and the Chairman of the Board of Directors of Usiminas, as well as a mechanism for the nomination of other members of Usiminas’ executive board. The Usiminas shareholders agreement also provides for an exit mechanism consisting of a buy-and-sell procedure (exercisable at any time after November 16, 2022, and applicable with respect to shares held by NSC and the T/T Group), which would allow either Ternium or NSC to purchase all or a majority of the Usiminas shares held by the other shareholder. Confab and the Ternium entities party to the Usiminas shareholders agreement have a separate shareholders agreement governing their respective rights and obligations as members of the T/T Group. Such separate agreement includes, among others, provisions granting Confab certain rights relating to the T/T Group’s nomination of Usiminas’ officers and directors under the Usiminas shareholders agreement. Those circumstances evidence that Tenaris has significant influence over Usiminas. c) Techgen Techgen S.A. de C.V. (“Techgen”), which operates an electric power plant in Mexico, is a joint venture company owned 48% by Ternium, 30% by Tecpetrol International S.A. (“Tecpetrol”) and 22% by Tenaris. The Company, Ternium and Tecpetrol are parties to a shareholders’ agreement relating to the governance of Techgen and are under the indirect common control of San Faustin. Based on the facts stated above, the Company has determined that it has significant influence over this entity. d) Global Pipe Company Global Pipe Company (“GPC”) is a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Tenaris, through its subsidiary Saudi Steel Pipe Company (“SSPC”), currently owns 35% of the share capital of GPC. In accordance with GPC’s bylaws, SSPC’s 35% equity interest entitles SSPC to appoint four of the eleven members of the Board of Directors of GPC. In addition, SSPC has the ability to block any shareholder resolution. Based on the facts stated above, the Company has determined that it has significant influence over this entity. Tenaris carries its investments in non-consolidated companies under 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. For more information see note 13 to these Consolidated Financial Statements.

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<table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 64px;" width="100%"><tbody><tr style="height: 16px; background-color: #ffffff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> Land </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> No Depreciation </td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"> Buildings and improvements </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;">30-50 years </td></tr><tr style="height: 16px; background-color: #ffffff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; background-color: #ffffff; height: 16px;"> Plant and production equipment </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; background-color: #ffffff; height: 16px;">10-40 years </td></tr><tr style="height: 16px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 4.92%; margin-left: 0.1px; height: 16px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 54.22%; margin-left: 0.1px; height: 16px;"> Vehicles, furniture and fixtures, and other equipment </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 40.86%; margin-left: 0.1px; height: 16px;">4-10 years </td></tr></tbody></table>

P30Y

P50Y

P10Y

P40Y

P4Y

P10Y

39000000 45000000

FIntangible assets (1)Goodwill Goodwill represents the excess of the acquisition cost over the fair value of Tenaris’s share of net identifiable assets acquired as part of business combinations determined mainly by independent valuations. Goodwill is tested at least annually for impairment and carried at cost less accumulated impairment losses. Impairment losses on goodwill are not reversed. Goodwill is included in the Consolidated Statement of Financial Position under Intangible assets, net. For the purpose of impairment testing, goodwill is allocated to a cash generating unit (“CGU”) or group of CGUs that are expected to benefit from the business combination which generated the goodwill being tested. (2)Information systems projects 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 one year and comply with the recognition criteria of IAS 38, “Intangible Assets”. Information systems projects recognized as assets are amortized using the straight-line method over their useful lives, generally not exceeding a period of 3 years. Amortization charges are mainly classified as Selling, general and administrative expenses in the Consolidated Income Statement. Management’s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022 and 2021 and resulted in additional amortization expenses of $11.1 million for 2020. (3)Licenses, patents, trademarks and proprietary technology Licenses, patents, trademarks, and proprietary technology acquired in a business combination 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 using the straight-line method to allocate the cost over their estimated useful lives, which are in the range between 3 and 10 years. Amortization charges are mainly classified as Cost of Sales in the Consolidated Income Statement. The balance of acquired trademarks that have indefinite useful lives according to external appraisal amounts to $86.7 million at December 31, 2022, 2021 and 2020, and are included in Hydril CGU. Main factors considered in the determination of the indefinite useful lives include the years that they have been in service and their recognition among customers in the industry. Management’s re-estimation of assets useful lives, performed in accordance with IAS 38, did not materially affect amortization expenses for 2022, 2021 and 2020. (4)Research and development Research expenditures as well as development costs that do not fulfill the criteria for capitalization are recorded as Cost of sales in the Consolidated Income Statement as incurred. Research and development expenditures included in Cost of sales for the years 2022, 2021 and 2020 totaled $50.7 million, $45.3 million and $41.8 million, respectively. Capitalized costs were not material for the years 2022, 2021 and 2020. (5)Customer relationships In accordance with IFRS 3, "Business Combinations" and IAS 38, Tenaris has recognized the value of customer relationships separately from goodwill attributable to the acquisition of Maverick Tube Corporation (“Maverick”) and Hydril Company (“Hydril”) groups, as well as the more recent acquisitions of SSPC and Ipsco Tubulars Inc. (“IPSCO”). 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 liveswhich were approximately 14 years for Maverick, 10 years for Hydril,9 years for SSPC and 3 years for IPSCO. In 2022, the Company has reviewed the useful life of SSPC’s customer relationships and decided to reduce it from 5 years to 3 years, consequently a higher amortization charge of approximately $4.1 million was recorded in the Consolidated Income Statement under Selling, general and administrative expenses for the year ended December 31, 2022. Management’s re-estimation of assets useful lives, performed in accordance with IAS 38, did not affect amortization expenses for 2021 and 2020. As of December 31, 2022 the net book value ofSSPC’s customer relationship amounts to $41.5 million, with a residual useful life of 3 years, while IPSCO’s, Maverick’s and Hydril’s customer relationships are fully amortized.

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4100000 41500000 P3Y

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2500000000

1180536830

1 1

PEmployee benefits (1)Short-term obligations 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. (2)Post-employment benefits 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 one or more factors such as age, years of service and compensation. 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. Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to equity in Other comprehensive income in the period in which they arise. Past-service costs are recognized immediately in the Income Statement. For defined benefit funded plans, net interest income / expense is calculated based on the surplus or deficit derived by the difference between the defined benefit obligations less fair value of plan assets. 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. Tenaris sponsors funded and unfunded defined benefit pension plans in certain subsidiaries. The most significant are: <ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;">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 benefits based on years of service and final average salary. As of December 31, 2022 the outstanding liability for this plan amounts to $43.1 million.</li></ul> <ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; line-height: 12pt; margin: 0pt 0pt 0pt 9.58pt; padding-left: 8.42pt; text-align: justify; text-indent: 0pt;">Employees’ service rescission indemnity: the 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 accrued for employees at Tenaris’s 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, Tenaris’s 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 limited to the contributions of 2007 onwards. As of December 31, 2022 the outstanding liability for this plan amounts to $10.7 million.</li></ul> <ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; 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: 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: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">Funded retirement benefit plan held in the U.S. for the benefit of some employees hired prior a certain date, 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 funds. Additionally, an unfunded post-retirement health and life plan is present that offers limited medical and life insurance benefits to the retirees, frozen to new participants. As of December 31, 2022 the outstanding liability for these plans amounts to $7.1 million. </li></ul> <div><div style="border-left: none; border-right: none;"/></div><ul style="color: #000000; font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; font-style: normal; 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: 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: -23.8px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; line-height: inherit; display: inline !important;">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 primarily of investments in debt and equity instruments. Both plans were replaced for defined contribution plans. Effective June 2016 the salary plan was frozen for the purposes of credited service as well as determination of final average pay. As of December 31, 2022 the plan was overfunded and the net assets related to this plan amounted to $10.4 million. </li></ul> (3)Other long-term benefits During 2007, Tenaris launched an employee retention and long-term incentive program (the “Program”) applicable to certain senior officers and employees of the Company, who will be granted a number of units throughout the duration of the Program. The value of each of these units is based on Tenaris’s shareholders’ equity (excluding non-controlling interest). Until the end of 2017, the units were vested ratably over a period of four years and were mandatorily redeemed by the Company ten years after grant date, with the option of an early redemption at seven years after the grant date. Since 2018, the units are vested ratably over the same period and are mandatorily redeemed by the Company seven years after grant date. The beneficiaries of the Program are 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. The payment of the benefit is tied to the book value of the shares, and not to their market value. Tenaris valued this long-term incentive program as a long-term benefit plan as classified in IAS 19, “Employee Benefits”. As of December 31, 2022 and 2021, the outstanding liability corresponding to the Program amounts to $94.4 million and $84.2 million, respectively. The total value of the units granted (vested and unvested) to date under the program, considering the number of units and the book value per share as of December 31, 2022 and 2021, is $123.9 million and $99.6 million, respectively. (4)Termination benefits 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 recognizes 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 37 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. (5)Other compensation obligations Employee entitlements to annual leave, long-service leave, sick leave and other bonuses and compensations obligations are accrued as earned. Compensation to employees in the event of dismissal is charged to income in the year in which it becomes payable.

43100000

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7100000 10400000 P4Y P10Y P7Y P7Y 94400000 84200000 123900000 99600000

<div style="border-left: none; border-right: none;">QProvisions 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. Tenaris’s 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, as a result of past events, a potential loss from a claim or proceeding is considered probable and the amount can be reliably 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 Tenaris’s litigation and settlement strategies. These estimates are primarily constructed with the assistance of legal counsel. As the scope of liabilities become better defined, there may be changes in the estimates of future costs which could have a material adverse effect on its results of operations, financial condition and cash flows. 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.</div> <div><div style="border-left: none; border-right: none;"/></div>This note should be read in conjunction with note 26 to these Consolidated Financial Statements.

<h4 style="line-height: 12pt; margin: 0pt; break-after: avoid; text-align: justify;">VFinancial instruments</h4> Non derivative financial instruments comprise investments in financial debt instruments and equity, time deposits, trade and other receivables, cash and cash equivalents, borrowings and trade and other payables. The Company classifies its financial instruments according to the following measurement categories: <ul style="margin: 0pt; padding-left: 0pt; text-align: justify; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"> those to be measured subsequently at fair value (either through OCI or through profit or loss), and</li><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 36pt; text-align: justify; text-indent: -18pt;"> those to be measured at amortised cost.</li></ul> The classification depends on the Company’s business model for managing the financial assets and contractual terms of the cash flows. 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. 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. <div><div style="border-left: none; border-right: none;"/></div>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 three measurement categories into which the Company classifies its debt instruments: Amortized Cost: 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. Exchange gains and losses and impairments related to the financial assets are immediately recognized in the Consolidated Income Statement. Fair value through other comprehensive income: 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. Fair value through profit and loss: 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. Equity instruments are subsequently measured at fair value. Accounting for derivative financial instruments and hedging activities is included within the section III, Financial Risk Management.

iii.Financial risk management The multinational nature of Tenaris’s operations and customer base exposes the Company to a variety of risks, mainly related to market risks (including the effects of changes in foreign currency exchange rates and interest rates), credit risk and capital market risk. In order to manage the volatility related to these exposures, management evaluates exposures on a consolidated basis, taking advantage of exposure netting. The Company or its subsidiaries may then enter into various derivative transactions in order to prevent potential adverse impacts on Tenaris’s financial performance. Such derivative transactions are executed in accordance with internal policies and hedging practices. A. Financial risk factors (i) Capital Risk Management Tenaris seeks to maintain a low debt to total equity ratio considering the industry and the markets where it operates. The year-end ratio of debt to total equity (where “debt” comprises financial borrowings and “total equity” is the sum of financial borrowings and equity) is 0.05 as of December 31, 2022 and 0.03 as of December 31, 2021. The Company does not have to comply with regulatory capital adequacy requirements. (ii)Foreign exchange risk 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. Tenaris’s exposure to currency fluctuations is reviewed on a periodic and consolidated basis. A number of derivative transactions are performed in order to achieve an efficient coverage in the absence of operative or natural hedges. Almost all of these transactions are forward exchange rates contracts. See note 25 to these Consolidated Financial Statements. Tenaris does not enter into derivative financial instruments for trading or other speculative purposes, other than non-material investments in structured products. In the case of subsidiaries with functional currencies other than the U.S. dollar, the results of hedging activities, reported in accordance with IFRS, may not reflect entirely the management’s assessment of its foreign exchange risk hedging program. Intercompany balances between Tenaris’s subsidiaries may generate financial gains (losses) to the extent that functional currencies differ. The value of Tenaris’s financial assets and liabilities is subject to changes arising from the variation of foreign currency exchange rates. The following table provides a breakdown of Tenaris’s main financial assets and liabilities (including foreign exchange derivative contracts) which impact the Company’s profit and loss as of December 31, 2022 and 2021. <table cellpadding="0" style="height: 102px; 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;"> All amounts Long / (Short) in thousands of U.S. dollars </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;"> </td><td colspan="4" 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;"> As of December 31, </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;"> </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;"> Currency Exposure / Functional currency </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;"> </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;">2022</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;"> </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;"> </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;">2021</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><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: 76%;"> Argentine Peso / U.S. dollar </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> (126,739</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> (95,073</td><td style="padding-left: 0px; padding-right: 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;"> Euro / U.S. dollar </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (42,458</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">12,462</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;"> Saudi Arabian Riyal / U.S. dollar </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> (74,183</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> (77,853</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;"> U.S. dollar / Brazilian Real </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (94,856</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (32,738</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr></tbody></table> The main relevant exposures correspond to: <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;">Argentine Peso / U.S. dollar </li></ul> As of December 31, 2022 and 2021 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 1% in the ARS/USD exchange rate would have generated a pre-tax gain / loss of $1.3 million and $1 million as of December 31, 2022 and 2021 respectively. <div style="line-height: 1.2;"/><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;">Euro / U.S. dollar</li></ul> As of December 31, 2022 consisting primarily of Euro-denominated intercompany liabilities at certain subsidiaries whose functional currency is the U.S. dollar and 2021, consisting primarily of U.S. dollar-denominated intercompany liabilities at certain subsidiaries whose functional currency is the Euro. A change of 1% in the EUR/USD exchange rate would have generated a pre-tax gain / loss of $0.4 million and $0.1 million as of December 31, 2022 and 2021, respectively, which would have been to a large extent offset by changes in currency translation adjustment included in Tenaris’s net equity position. <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;">Saudi Arabian Riyal / U. S. dollar</li></ul> As of December 31, 2022 and 2021 consisting primarily of Saudi Arabian Riyal-denominated financial and trade payables. The Saudi Arabian Riyal is tied to the U.S. dollar. <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;">U.S. dollar / Brazilian Real</li></ul> As of December 31, 2022 and 2021, consisting primarily of U.S. dollar-denominated intercompany liabilities at certain subsidiaries whose functional currency is the Brazilian Real. A change of 1% in the BRL/USD exchange rate would have generated a pre-tax gain / loss of $0.9 million and $0.3 million as of December 31, 2022 and 2021, respectively, which would have been to a large extent offset by changes in currency translation adjustment included in Tenaris’s net equity position. Considering the balances held as of December 31, 2022 on financial assets and liabilities exposed to foreign exchange rate fluctuations, Tenaris estimates that the impact of a simultaneous 1% appreciation / depreciation movement in the levels of foreign currencies exchange rates relative to the U.S. dollar, would be a pre-tax gain / loss of $4 million (including a loss / gain of $0.2 million due to foreign exchange derivative contracts), which would be partially offset by changes to Tenaris’s net equity position of $0.9 million. For balances held as of December 31, 2021, a simultaneous 1% favorable / unfavorable movement in the foreign currencies exchange rates relative to the U.S. dollar, would have generated a pre-tax gain / loss of $3.1 million (including a loss / gain of $0.5 million due to foreign exchange derivative contracts), which would have been partially offset by changes to Tenaris’s net equity position of $0.2 million. (iii)Interest rate risk Tenaris is subject to interest rate risk on its investment portfolio and its debt. The Company uses a mix of variable and fixed rate debt in combination with its investment portfolio strategy. The Company may choose to enter into foreign exchange derivative contracts and / or interest rate swaps to mitigate the exposure to changes in the interest rates. The following table summarizes the proportions of variable-rate and fixed-rate debt as of each year end. <table cellpadding="0" style="height: 83px; 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; height: 10px; vertical-align: bottom;" valign="bottom"> </td><td colspan="7" 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"> As of December 31, </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;"> </td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom;" valign="bottom"> </td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> </td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">2021</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; 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; height: 17px; vertical-align: bottom;" valign="bottom"> </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"> In thousands of U.S. dollars </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"> </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"> % </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"> </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"> In thousands of U.S. dollars </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"> </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"> % </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;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 56%;">Fixed rate (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">497,889</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;">68</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">187,036</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;">57</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Variable rate </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">230,873</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: top; height: 17px; margin: 0px; text-indent: 0px;">32</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">143,897</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: top; height: 17px; margin: 0px; text-indent: 0px;">43</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</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;"> Total </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;">728,762</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </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;">330,933</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table>(*)Out of the $497.9 million fixed rate borrowings, $479 million are short-term. The Company estimates that, if market interest rates applicable to Tenaris’s borrowings had been 100 basis points higher, then the additional pre-tax loss would have been $5.3 million in 2022 and $5.2 million in 2021. (iv)Credit risk 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. There is no significant concentration of credit risk from customers. No single customer comprised more than 10% of Tenaris’s net sales in 2022, 2021 and 2020. <div style="line-height: 1.2;"/>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 whenever deemed necessary. Tenaris maintains allowances for impairment for potential credit losses. See section II.K. As of December 31, 2022 and 2021 trade receivables amounted to $2,493.9 million and $1,299.1 million respectively. Trade receivables have guarantees under credit insurance of $231.2 million and $175.8 million, letter of credit and other bank guarantees of $34.7 million and $17.8 million as of December 31, 2022 and 2021 respectively, and other guarantees of $2.2 million as of December 31, 2021. As of December 31, 2022 and 2021, overdue trade receivables amounted to $544.9 million and $209.6 million, respectively. As of December 31, 2022 and 2021, overdue guaranteed trade receivables amounted to $28.1 million and $10.6 million; and the allowance for doubtful accounts amounted to $45.5 million and $47.1 million respectively. Both the allowance for doubtful accounts and the existing guarantees are sufficient to cover doubtful trade receivables. (v)Counterparty risk 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. Approximately 80% of Tenaris’s liquid financial assets corresponded to Investment Grade-rated instruments as of December 31, 2022, in comparison with approximately 77% as of December 31, 2021. (vi)Liquidity risk Tenaris financing strategy aims to maintain adequate financial resources and access to additional liquidity. During 2022, Tenaris has counted on cash flows from operations as well as additional bank financing to fund its transactions. Management maintains sufficient cash and marketable securities to finance normal operations and believes that Tenaris also has appropriate access to market for short-term working capital needs. Liquid financial assets as a whole (comprising cash and cash equivalents and other investments) were 9% and 7% of total assets at the end of 2022 and 2021, respectively. Tenaris has a conservative approach to the management of its liquidity, which consists of i) cash and cash equivalents (cash in banks, liquidity funds and investments with a maturity of less than three months at the date of purchase), and ii) other investments (fixed income securities, time deposits, and fund investments). Tenaris holds primarily investments in money market funds and variable or fixed-rate securities from investment grade issuers. As of December 31, 2022 and 2021 Tenaris held $5 million and $6 million in direct exposure to financial instruments issued by European sovereign counterparties respectively. Tenaris holds its investments primarily in U.S. dollars. As of December 31, 2022 and 2021, U.S. dollar denominated liquid assets plus investments denominated in other currencies hedged to the U.S. dollar represented approximately 87%of total liquid financial assets. (vii)Commodity price risk 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 one year, and in general hedging for these risks is performed on a limited basis. <div style="line-height: 1.2;"/>B. Category of financial instruments and classification within the fair value hierarchy As mentioned in note II.A, the Company classifies its financial instruments in the following measurement categories: amortized cost, fair value through other comprehensive income and fair value through profit and loss. For financial instruments that are measured in the statement of financial position at fair value, IFRS 13, “Fair value measurement” requires a disclosure of fair value measurements by level according to the following fair value measurement hierarchy: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices). Level 3 - Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs). The following tables present the financial instruments by category and levels as of December 31, 2022 and 2021. <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 424px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; border-color: #000000; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 13px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px;"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 23px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> Carrying amount </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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;"> Measurement Categories </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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;"> At Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> Amortized Cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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"> FVOCI </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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"> FVPL </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> Level 1</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> Level 2</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> Level 3</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> Assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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: top; height: 17px; background-color: #cceeff; width: 22%;"> Cash and cash equivalents </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">1,091,527</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">668,668</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">422,859</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">422,859</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">438,448</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">196,152</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">182,988</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">59,308</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">242,296</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; 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: top; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"> </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;">196,152</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;"> </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;">196,152</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;"> </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;"> - </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;"> </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;"> - </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;"> </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;"> - </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;"> </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;"> - </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;"> </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;"> - </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;"> </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-top-color: #000000 !important;"> Certificates of deposits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">36,167</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">36,167</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; 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: top; height: 10px; background-color: #cceeff;"> Commercial papers </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">19,785</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">19,785</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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;"> Other notes </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">140,200</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">140,200</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; 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: top; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">211,953</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; 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; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">182,988</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">28,965</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">211,953</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; 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; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; 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; height: 16px; margin: 0px; text-indent: 0px; 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: top; height: 17px;"> Non-U.S. government securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">108,310</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">79,345</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">28,965</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">108,310</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Corporates securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">103,643</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">103,643</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">103,643</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Mutual Fund </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;"> </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;">30,343</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;"> </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;"> - </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;"> </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;"> - </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;"> </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;">30,343</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;"> </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;">30,343</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;"> </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;"> - </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;"> </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;"> - </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;"> </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; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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;">30,805</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;"> </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;"> - </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;"> </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;"> - </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;"> </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;">30,805</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;"> </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;"> - </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;"> </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;">30,805</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;"> </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;"> - </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Other Investments Non-current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">119,902</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Trade receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">2,493,940</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">2,493,940</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;">Receivables C and NC (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">395,531</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">105,397</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Other receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">154,056</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">105,397</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Other receivables (non-financial) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">241,475</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">3,464,157</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">345,221</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">519,300</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">778,729</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">30,805</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">54,987</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Borrowings C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Trade payables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,179,457</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,179,457</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Lease Liabilities C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">112,177</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">112,177</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">7,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">7,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">7,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </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: top; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;">2,020,396</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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> - </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;">7,127</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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> - </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;">7,127</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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> - </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div>(*) Includes balances related to interest in Venezuelan companies. See note 34 to these Consolidated Financial Statements.<div style="line-height: 1.2;"/><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 452px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Carrying amount </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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;"> Measurement Categories </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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;"> At Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Amortized Cost </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> FVOCI </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> FVPL </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Level 1</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Level 2</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Level 3</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px; width: 22%;"> Cash and cash equivalents </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">318,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">212,430</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">105,697</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">105,697</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">397,849</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; height: 17px; margin: 0px; text-indent: 0px;">239,742</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; height: 17px; margin: 0px; text-indent: 0px;">158,107</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">158,107</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px; background-color: #cceeff; margin-left: 0.1px;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"> </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;">239,742</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;">239,742</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;"> - </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;"> - </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;"> - </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;"> - </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;"> - </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: 0px 7px 0px 12px; vertical-align: top; height: 17px;"> Certificates of deposits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">94,414</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; height: 17px; margin: 0px; text-indent: 0px;">94,414</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; background-color: #cceeff; height: 17px;"> Commercial papers </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">30,062</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; height: 17px; margin: 0px; text-indent: 0px;">30,062</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"> Other notes </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">115,266</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; height: 17px; margin: 0px; text-indent: 0px;">115,266</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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;">158,107</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; height: 17px; margin: 0px; text-indent: 0px; 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;"> </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;">158,107</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; height: 17px; margin: 0px; text-indent: 0px; 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;"> </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;">158,107</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; height: 17px; margin: 0px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; 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: top; height: 17px;"> Non-U.S. government securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">10,660</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">10,660</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">10,660</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Corporates securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">147,447</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">147,447</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">147,447</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">11,315</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,315</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,315</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Other Investments Non-current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">320,254</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;">7,635</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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">7,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">7,635</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">7,635</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">7,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Trade receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,299,072</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; height: 17px; margin: 0px; text-indent: 0px;">1,299,072</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;">Receivables C and NC (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">302,164</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; height: 17px; margin: 0px; text-indent: 0px;">85,220</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; height: 17px; margin: 0px; text-indent: 0px;">48,659</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Other receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">133,879</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; height: 17px; margin: 0px; text-indent: 0px;">85,220</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; height: 17px; margin: 0px; text-indent: 0px;">48,659</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Other receivables (non-financial) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">168,285</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </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><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><td style="padding-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;"> </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;">1,836,464</td><td style="padding-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;"> </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;">519,385</td><td style="padding-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;"> </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;">124,647</td><td style="padding-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;"> </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;">576,423</td><td style="padding-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;"> </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;">11,315</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><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;">56,294</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><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;"> Liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Borrowings C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">330,933</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; height: 17px; margin: 0px; text-indent: 0px;">330,933</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Trade payables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">845,256</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; height: 17px; margin: 0px; text-indent: 0px;">845,256</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Lease Liabilities C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">117,285</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; height: 17px; margin: 0px; text-indent: 0px;">117,285</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">11,328</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,328</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </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><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><td style="padding-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;"> </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;">1,293,474</td><td style="padding-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;"> </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><td style="padding-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;"> </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;">11,328</td><td style="padding-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;"> </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><td style="padding-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;"> </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;">11,328</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><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><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>(*)Includes balances related to interest in Venezuelan companies. See note 34 to these Consolidated Financial Statements. There were no transfers between levels during the year. The fair value of financial instruments traded in active markets is based on quoted market prices at the reporting 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 Tenaris is the current bid price. These instruments are included in Level 1 and comprise primarily corporate and sovereign debt securities. 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 three months, forward and interest rate derivative instruments) is determined by using valuation techniques which maximize the use of observable market data when 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 Level 2. 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 obtained from market contributors as of the valuation date. <div/>If one or more of the significant inputs are not based on observable market data, the instruments are included in Level 3. 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. Main balances in this level include net receivables related to the Company interest in the Venezuelan Companies for a total amount of approximately $48.7 million, which reflects the best estimation of the fair value calculated using the probability of occurrence of weighted scenarios applied to the potential transaction value resulting from the awards purchase agreement mentioned in note 34 to these Consolidated Financial Statements. The following table presents the changes in Level 3 assets: <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 102px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; 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; background-color: #cceeff; height: 17px; width: 76%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">56,294</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">56,319</td><td style="padding-left: 0px; padding-right: 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;"> (Decrease) / increase </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (1,126</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">219</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;"> Currency translation adjustment and others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> (181</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> (244</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;"> At the end of the year </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><td style="padding-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;">54,987</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">56,294</td><td style="padding-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;"> </td></tr></tbody></table> C. Fair value estimation 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. The fair values of quoted investments are generally 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. The fair value of all outstanding derivatives is determined using specific pricing models that include inputs that are observable in the market or can be derived from or corroborated by observable data. 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. Borrowings are classified under other financial liabilities and measured at their amortized cost. Tenaris estimates that the fair value of its main financial liabilities is approximately 99.2% and 99.6% of its carrying amount (including interests accrued) in 2022 and 2021 respectively. Fair values were calculated using standard valuation techniques for floating rate instruments and comparable market rates for discounting cash flows. The carrying amount of investments valuated at amortized cost approximates its fair value. D. Accounting for derivative financial instruments and hedging activities 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. As a general rule, Tenaris recognizes the full amount related to the change in fair value of derivative financial instruments in Financial Results in the Consolidated Income Statement. Tenaris designates certain derivatives 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. For transactions designated and qualifying for hedge accounting, Tenaris 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 undertaking various hedge transactions. Tenaris also documents its assessment on an ongoing basis, of whether the hedging instruments are highly effective in offsetting changes in the fair value or cash flow of hedged items. At December 31, 2022 and 2021, the effective portion of designated cash flow hedges which is included in Other Reserves in equity amounted to $13.1 million credit and $1.3 million credit respectively. The fair values of various derivative instruments used for hedging purposes and the movements of the hedging reserve included within Other Reserves in equity are disclosed in note 25 to these Consolidated Financial Statements.

0.05 0.03

<table cellpadding="0" style="height: 102px; 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;"> All amounts Long / (Short) in thousands of U.S. dollars </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;"> </td><td colspan="4" 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;"> As of December 31, </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;"> </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;"> Currency Exposure / Functional currency </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;"> </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;">2022</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;"> </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;"> </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;">2021</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><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: 76%;"> Argentine Peso / U.S. dollar </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> (126,739</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> (95,073</td><td style="padding-left: 0px; padding-right: 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;"> Euro / U.S. dollar </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (42,458</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">12,462</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;"> Saudi Arabian Riyal / U.S. dollar </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> (74,183</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> (77,853</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;"> U.S. dollar / Brazilian Real </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (94,856</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (32,738</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr></tbody></table>

-126739000 -95073000 -42458000 12462000 -74183000 -77853000 -94856000 -32738000 1300000 1000000 400000 100000 900000 300000 4000000 200000 900000 3100000 500000 200000

<table cellpadding="0" style="height: 83px; 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; height: 10px; vertical-align: bottom;" valign="bottom"> </td><td colspan="7" 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"> As of December 31, </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;"> </td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom;" valign="bottom"> </td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom"> </td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;" valign="bottom">2021</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; 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; height: 17px; vertical-align: bottom;" valign="bottom"> </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"> In thousands of U.S. dollars </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"> </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"> % </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"> </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"> In thousands of U.S. dollars </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"> </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"> % </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;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px; background-color: #cceeff; width: 56%;">Fixed rate (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">497,889</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;">68</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 15%;">187,036</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 10px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 5%;">57</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px; width: 1%;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Variable rate </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">230,873</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: top; height: 17px; margin: 0px; text-indent: 0px;">32</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">143,897</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: top; height: 17px; margin: 0px; text-indent: 0px;">43</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; margin: 0px; text-indent: 0px;"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important; line-height: inherit;">%</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;"> Total </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;">728,762</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </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;">330,933</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table>

497889000

0.68

187036000

0.57

230873000

0.32

143897000

0.43

728762000

330933000

497900000

479000000

5300000 5200000

2493900000

1299100000

231200000

175800000

34700000

17800000

2200000

544900000

209600000

28100000

10600000

45500000

47100000

0.80 0.77 0.09 0.07 P3M

5000000

6000000

0.87 P1Y

<div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 424px; border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; border-color: #000000; width: 100%; text-indent: 0px;" width="100%"><tbody><tr style="height: 13px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 13px;"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 23px; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;" valign="bottom"> Carrying amount </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 23px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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;"> Measurement Categories </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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;"> At Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 13px; border-top-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><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> Amortized Cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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"> FVOCI </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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"> FVPL </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> Level 1</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> Level 2</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> Level 3</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; margin: 0px; text-indent: 0px;" valign="bottom"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> Assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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: top; height: 17px; background-color: #cceeff; width: 22%;"> Cash and cash equivalents </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">1,091,527</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">668,668</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">422,859</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">422,859</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">438,448</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">196,152</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">182,988</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">59,308</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">242,296</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; 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: top; background-color: #cceeff; margin-left: 0.1px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"> </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;">196,152</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;"> </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;">196,152</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;"> </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;"> - </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;"> </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;"> - </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;"> </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;"> - </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;"> </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;"> - </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;"> </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;"> - </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;"> </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-top-color: #000000 !important;"> Certificates of deposits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">36,167</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">36,167</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; 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: top; height: 10px; background-color: #cceeff;"> Commercial papers </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">19,785</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;">19,785</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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;"> Other notes </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">140,200</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">140,200</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; 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: top; height: 16px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">211,953</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; 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; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">182,988</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">28,965</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">211,953</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; 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; height: 16px; margin: 0px; text-indent: 0px; 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; height: 16px; background-color: #cceeff; margin: 0px; text-indent: 0px; 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; height: 16px; margin: 0px; text-indent: 0px; 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: top; height: 17px;"> Non-U.S. government securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">108,310</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">79,345</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">28,965</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">108,310</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Corporates securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">103,643</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">103,643</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">103,643</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Mutual Fund </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;"> </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;">30,343</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;"> </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;"> - </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;"> </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;"> - </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;"> </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;">30,343</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;"> </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;">30,343</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;"> </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;"> - </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;"> </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;"> - </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;"> </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; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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;">30,805</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;"> </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;"> - </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;"> </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;"> - </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;"> </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;">30,805</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;"> </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;"> - </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;"> </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;">30,805</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;"> </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;"> - </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Other Investments Non-current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">119,902</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">113,574</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,328</td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Trade receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">2,493,940</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">2,493,940</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;">Receivables C and NC (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">395,531</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">105,397</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Other receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">154,056</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">105,397</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Other receivables (non-financial) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">241,475</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 12px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">3,464,157</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">345,221</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">519,300</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">778,729</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">30,805</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 12px; 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;">54,987</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 12px; 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Borrowings C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Trade payables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,179,457</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,179,457</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; height: 17px; background-color: #cceeff;"> Lease Liabilities C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">112,177</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">112,177</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 10px;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">7,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">7,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;">7,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px;"> - </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: top; height: 10px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; margin: 0px; text-indent: 0px; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;">2,020,396</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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> - </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;">7,127</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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> - </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;">7,127</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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; 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;"> - </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-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div>(*) Includes balances related to interest in Venezuelan companies. See note 34 to these Consolidated Financial Statements.<div style="line-height: 1.2;"/><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 452px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Carrying amount </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 27px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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;"> Measurement Categories </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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><td colspan="5" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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;"> At Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; 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><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 10px; vertical-align: bottom;" valign="bottom"> December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Amortized Cost </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> FVOCI </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> FVPL </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Level 1</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Level 2</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> Level 3</td><td style="padding-left: 0px; padding-right: 0px; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-color: #000000 !important;" valign="bottom"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px; width: 22%;"> Cash and cash equivalents </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">318,127</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">212,430</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">105,697</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;">105,697</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">397,849</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; height: 17px; margin: 0px; text-indent: 0px;">239,742</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; height: 17px; margin: 0px; text-indent: 0px;">158,107</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">158,107</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px; background-color: #cceeff; margin-left: 0.1px;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; text-indent: 0px;"> </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;">239,742</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;">239,742</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;"> - </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;"> - </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;"> - </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;"> - </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;"> - </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: 0px 7px 0px 12px; vertical-align: top; height: 17px;"> Certificates of deposits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">94,414</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; height: 17px; margin: 0px; text-indent: 0px;">94,414</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; background-color: #cceeff; height: 17px;"> Commercial papers </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">30,062</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; height: 17px; margin: 0px; text-indent: 0px;">30,062</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px;"><td style="padding: 0px 7px 0px 12px; vertical-align: top; height: 17px;"> Other notes </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">115,266</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; height: 17px; margin: 0px; text-indent: 0px;">115,266</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding: 0px 7px 0px 15px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </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;">158,107</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; height: 17px; margin: 0px; text-indent: 0px; 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;"> </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;">158,107</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; height: 17px; margin: 0px; text-indent: 0px; 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;"> </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;">158,107</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; height: 17px; margin: 0px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; 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: top; height: 17px;"> Non-U.S. government securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">10,660</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">10,660</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">10,660</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Corporates securities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">147,447</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">147,447</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">147,447</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">11,315</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,315</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,315</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Other Investments Non-current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">320,254</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;">7,635</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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">7,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">312,619</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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Other investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">7,635</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">7,635</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">7,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Trade receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,299,072</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; height: 17px; margin: 0px; text-indent: 0px;">1,299,072</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;">Receivables C and NC (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">302,164</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; height: 17px; margin: 0px; text-indent: 0px;">85,220</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; height: 17px; margin: 0px; text-indent: 0px;">48,659</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Other receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">133,879</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; height: 17px; margin: 0px; text-indent: 0px;">85,220</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; height: 17px; margin: 0px; text-indent: 0px;">48,659</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">48,659</td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Other receivables (non-financial) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">168,285</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </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><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><td style="padding-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;"> </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;">1,836,464</td><td style="padding-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;"> </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;">519,385</td><td style="padding-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;"> </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;">124,647</td><td style="padding-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;"> </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;">576,423</td><td style="padding-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;"> </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;">11,315</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><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;">56,294</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><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;"> Liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </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; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Borrowings C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">330,933</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; height: 17px; margin: 0px; text-indent: 0px;">330,933</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Trade payables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">845,256</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; height: 17px; margin: 0px; text-indent: 0px;">845,256</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Lease Liabilities C and NC </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">117,285</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; height: 17px; margin: 0px; text-indent: 0px;">117,285</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 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: top; background-color: #cceeff; height: 17px;"> Derivative financial instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">11,328</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,328</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; height: 17px; margin: 0px; text-indent: 0px;"> - </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; height: 17px; margin: 0px; text-indent: 0px;">11,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </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><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><td style="padding-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;"> </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;">1,293,474</td><td style="padding-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;"> </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><td style="padding-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;"> </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;">11,328</td><td style="padding-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;"> </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><td style="padding-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;"> </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;">11,328</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><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><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>(*)Includes balances related to interest in Venezuelan companies. See note 34 to these Consolidated Financial Statements.

1091527000

668668000

422859000

438448000

196152000

182988000

59308000

242296000

196152000

36167000

19785000

140200000

211953000

182988000

28965000

211953000

108310000

79345000

28965000

108310000

103643000

30343000

30805000

119902000

113574000

6328000

113574000

6328000

113574000

6328000

2493940000

395531000

105397000

48659000

154056000

105397000

48659000

241475000

3464157000

345221000

519300000

778729000

30805000

54987000

728762000

1179457000

112177000

7127000

2020396000

7127000

318127000

212430000

105697000

397849000

239742000

158107000

239742000

94414000

30062000

115266000

158107000

10660000

147447000

11315000

320254000

312619000

7635000

312619000

7635000

312619000

7635000

1299072000

302164000

85220000

48659000

133879000

85220000

48659000

168285000

1836464000

519385000

124647000

576423000

11315000

56294000

330933000

845256000

117285000

11328000

1293474000

11328000

P3M

48700000

<table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; text-indent: 0px; height: 102px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; 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; background-color: #cceeff; height: 17px; width: 76%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">56,294</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">56,319</td><td style="padding-left: 0px; padding-right: 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;"> (Decrease) / increase </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (1,126</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">219</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;"> Currency translation adjustment and others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> (181</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px;"> (244</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;"> At the end of the year </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><td style="padding-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;">54,987</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">56,294</td><td style="padding-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;"> </td></tr></tbody></table>

56294000

56319000

-1126000

219000

-181000 -244000

54987000

56294000

0.992 0.996

13100000

1300000

1Segment information As mentioned in section II.C, the Segment Information is disclosed as follows: <div style="border-left: none; border-right: none;">Reportable operating segments (All amounts in millions of U.S. dollars) <div style="border-left: none; border-right: none;"><div><table cellpadding="0" style="height: 238px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100.002%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2022 </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Tubes </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Other </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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; width: 65%;"> Management view - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">2,772</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">75</td><td style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">2,847</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Difference in cost of sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">44</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">2</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Differences in selling, general and administrative expenses </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (4</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in other operating income (expenses), net </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">74</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> IFRS - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="white-space: nowrap; margin: 0pt; 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;"> </td><td style="white-space: nowrap; margin: 0pt; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">2,963</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Financial income (expense), net </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (6</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Income before equity in earnings of non-consolidated companies and income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,957</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Equity in earnings of non-consolidated companies </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">209</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> Income before income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">3,166</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> IFRS - Net Sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,133</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">630</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,763</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">588</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">20</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">608</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr></tbody></table></div> <div id="t_ft_NSKWDQVLTS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2021 </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Tubes </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Other </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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; width: 65%;"> Management view - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">178</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">65</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">243</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Difference in cost of sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">473</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in depreciation and amortization </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (1</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Differences in other operating income (expenses), net </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (8</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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;"> IFRS - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">708</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Financial income (expense), net </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">23</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Income before equity in earnings of non-consolidated companies and income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">731</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Equity in earnings of non-consolidated companies </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">513</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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;"> Income before income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">1,243</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td></tr><tr><td style="vertical-align: bottom; padding: 0px 0px 0px 7px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> IFRS - Net Sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">5,994</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">528</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">6,521</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">575</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">20</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">595</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr></tbody></table></div> <div id="t_ft_LAA2DWAXMO00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2020 </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Tubes </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Other </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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; width: 65%;"> Management view - operating (loss) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;"> (277</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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; width: 1%;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;"> (50</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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; width: 1%;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;"> (327</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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; width: 1%;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Difference in cost of sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (134</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Differences in selling, general and administrative expenses </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (2</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in other operating income (expenses), net </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (200</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> IFRS - operating (loss) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> (663</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Financial income (expense), net </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (65</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> (Loss) before equity in earnings of non-consolidated companies and income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (728</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Equity in earnings of non-consolidated companies </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">109</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> (Loss) before income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> (619</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> ) </td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> IFRS - Net Sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">4,844</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">303</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,147</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">661</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">18</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">679</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr></tbody></table></div></div><div> </div></div><div><div id="t_ft_UYSN92L2LS00000000000000000000b"/></div>Transactions between segments, which were eliminated in consolidation, are mainly related to sales of scrap, energy, surplus raw materials and others from the Other segment to the Tubes segment for $77.9 million, $45.6 million and $16.9 million in 2022, 2021 and 2020, respectively. There are no material differences between IFRS and management view in total revenues and by reportable segments. 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 minor timing differences. The main difference in Other operating income (expenses), for the year ended December 31, 2022, is attributable to the effect of the reclassification of the currency translation adjustment reserve related to NKK Tubes’ definitive cease of operations, not impacting the management view. For the year ended in December 31, 2020, the main difference in Other operating income (expenses) is attributable to the impairment of the goodwill, which residual value in the management view differed from IFRS. In addition to the amounts reconciled above, the 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. <div><div id="t_ft_7CI0E6MZHC00000000000000000000b"/></div><div id="fs_ZV153G1SNK00000000000000000000B">Geographical information <table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 430px;" width="100%"><tbody><tr style="height: 22px;"><td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; height: 22px; width: 29.3433%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> North America </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> South America </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Europe </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 10.3076%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Middle East & Africa </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Asia Pacific </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">Unallocated (*)</td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; width: 0.997506%; border-top-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><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Year ended December 31, 2022 </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 29.3433%; padding: 0px 0px 0px 7px;"> Net sales </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">6,902,787</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">2,550,402</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,000,833</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">1,031,106</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">277,398</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">11,762,526</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Total assets </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">9,018,386</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,896,403</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">2,071,624</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">739,579</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">283,608</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,540,646</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">17,550,246</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Trade receivables </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,371,717</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">583,223</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">202,753</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">249,637</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">86,610</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">2,493,940</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Property, plant and equipment, net </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,548,844</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,031,423</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">706,539</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">189,701</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">79,756</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">5,556,263</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Capital expenditures </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">118,644</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">176,448</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">62,143</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">2,813</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">18,398</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">378,446</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Depreciation and amortization </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">348,550</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">125,324</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">76,631</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">37,612</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">19,606</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">607,723</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Year ended December 31, 2021 </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Net sales </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,360,345</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,311,279</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">742,463</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">857,120</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">250,000</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">6,521,207</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Total assets </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">7,992,946</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">2,399,448</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,727,573</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">581,204</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">364,486</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,383,774</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">14,449,431</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Trade receivables </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">652,483</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">234,800</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">180,515</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">146,125</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">85,149</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,299,072</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Property, plant and equipment, net </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,805,912</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">984,413</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">742,461</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">221,859</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">70,156</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">5,824,801</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Capital expenditures </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">106,118</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">63,723</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">43,344</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">6,689</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">19,644</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">239,518</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Depreciation and amortization </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">307,116</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">125,781</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">89,667</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">41,528</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">30,629</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">594,721</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Year ended December 31, 2020 </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Net sales </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">2,179,949</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">776,235</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">642,793</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">1,227,532</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">320,225</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">5,146,734</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Total assets </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">8,071,574</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,868,458</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,461,738</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">804,559</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">552,508</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">957,352</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">13,716,189</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Trade receivables </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">411,692</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">115,972</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">139,427</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">210,194</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">90,863</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">968,148</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Property, plant and equipment, net </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,971,101</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,050,619</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">823,057</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">242,939</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">105,465</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">6,193,181</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Capital expenditures </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">71,531</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">63,111</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">39,691</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">10,452</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">8,537</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">193,322</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Depreciation and amortization </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">408,546</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">106,827</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">84,518</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">44,259</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">34,656</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">678,806</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr></tbody></table> (*) For 2022, 2021 and 2020 includes Investments in non-consolidated companies. See note 13 to these Consolidated Financial Statements.</div> There are no revenues from external customers attributable to the Company’s country of incorporation (Luxembourg). The principal countries from which the Company derives its revenues are USA (42%), Argentina (13%), Mexico (10%), Canada, Colombia and Italy. 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 approximately 22%, 23% and 24% in 2022, 2021 and 2020 respectively. <div style="border-left: none; border-right: none;">Tubes segment revenues by market: (All amounts in millions of U.S. dollars) <table cellpadding="0" style="height: 85px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"> Revenues Tubes </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><div id="fs_70W1P6SE4000000000000000000000B">2022</div></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="white-space: nowrap; margin: 0pt; 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><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;"> Oil & Gas </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> 9,543</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> 4,895</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> 4,022</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"> Oil & Gas processing plants </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> 738</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> 459</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> 407</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff;"> Industrial, Power and Others </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 852</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 640</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 415</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"> Total </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">11,133</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,994</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,844</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> At December 31, 2022, 2021 and 2020, the Company recognized contract liabilities related to customer advances in the amount of $242.9 million, $92.4 million and $48.7 million, respectively. Each of these amounts are reclassified to revenues during the subsequent years. In these periods, no significant adjustments in revenues were performed related to previously satisfied performance obligations.

<div><table cellpadding="0" style="height: 238px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100.002%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2022 </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Tubes </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Other </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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; width: 65%;"> Management view - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">2,772</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">75</td><td style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">2,847</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Difference in cost of sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">44</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">2</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Differences in selling, general and administrative expenses </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (4</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in other operating income (expenses), net </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">74</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> IFRS - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="white-space: nowrap; margin: 0pt; 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;"> </td><td style="white-space: nowrap; margin: 0pt; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">2,963</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Financial income (expense), net </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (6</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Income before equity in earnings of non-consolidated companies and income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,957</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Equity in earnings of non-consolidated companies </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">209</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> Income before income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">3,166</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> IFRS - Net Sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,133</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">630</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,763</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">588</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">20</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">608</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr></tbody></table></div> <div id="t_ft_NSKWDQVLTS00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2021 </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Tubes </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Other </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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; width: 65%;"> Management view - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">178</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">65</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;">243</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Difference in cost of sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">473</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in depreciation and amortization </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (1</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Differences in other operating income (expenses), net </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (8</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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;"> IFRS - operating income </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">708</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Financial income (expense), net </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">23</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Income before equity in earnings of non-consolidated companies and income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">731</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Equity in earnings of non-consolidated companies </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">513</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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;"> Income before income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">1,243</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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;"> </td></tr><tr><td style="vertical-align: bottom; padding: 0px 0px 0px 7px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> IFRS - Net Sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">5,994</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">528</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">6,521</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">575</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">20</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">595</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr></tbody></table></div> <div id="t_ft_LAA2DWAXMO00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 221px; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2020 </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Tubes </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Other </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-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; width: 65%;"> Management view - operating (loss) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;"> (277</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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; width: 1%;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;"> (50</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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; width: 1%;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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; background-color: #cceeff; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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; width: 10%;"> (327</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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; width: 1%;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Difference in cost of sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (134</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Differences in selling, general and administrative expenses </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (2</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Differences in other operating income (expenses), net </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (200</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> IFRS - operating (loss) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> </td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> (663</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Financial income (expense), net </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (65</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> (Loss) before equity in earnings of non-consolidated companies and income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (728</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Equity in earnings of non-consolidated companies </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">109</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> (Loss) before income tax </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;"> (619</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; 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;"> ) </td></tr><tr style="background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> IFRS - Net Sales </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">4,844</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">303</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,147</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; background-color: #cceeff;"> Depreciation and amortization </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">661</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">18</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">679</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr></tbody></table></div>

2772000000 75000000 2847000000 -44000000 -2000000 4000000 -74000000

2963000000

-6000000

2957000000

209000000

3166000000

11133000000

630000000

11763000000

588000000

20000000

608000000

178000000 65000000 243000000 -473000000 1000000 8000000

708000000

23000000

731000000

513000000

1243000000

5994000000

528000000

6521000000

575000000

20000000

595000000

-277000000 -50000000 -327000000 134000000 2000000 200000000

-663000000

-65000000

-728000000

109000000

-619000000

4844000000

303000000

5147000000

661000000

18000000

679000000

77900000

45600000

16900000

<table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 430px;" width="100%"><tbody><tr style="height: 22px;"><td style="margin: 0pt; padding-right: 8px; vertical-align: bottom; height: 22px; width: 29.3433%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> North America </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.97756%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> South America </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Europe </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 10.3076%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Middle East & Africa </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Asia Pacific </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">Unallocated (*)</td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 0.997506%; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 22px; text-align: center; width: 8.89443%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="vertical-align: bottom; white-space: nowrap; height: 22px; width: 0.997506%; border-top-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><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Year ended December 31, 2022 </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 29.3433%; padding: 0px 0px 0px 7px;"> Net sales </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">6,902,787</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">2,550,402</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,000,833</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">1,031,106</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">277,398</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">11,762,526</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Total assets </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">9,018,386</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,896,403</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">2,071,624</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">739,579</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">283,608</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,540,646</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">17,550,246</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Trade receivables </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,371,717</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">583,223</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">202,753</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">249,637</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">86,610</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">2,493,940</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Property, plant and equipment, net </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,548,844</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,031,423</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">706,539</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">189,701</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">79,756</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">5,556,263</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Capital expenditures </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">118,644</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">176,448</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">62,143</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">2,813</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">18,398</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">378,446</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Depreciation and amortization </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">348,550</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">125,324</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">76,631</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">37,612</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">19,606</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">607,723</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Year ended December 31, 2021 </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Net sales </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,360,345</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,311,279</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">742,463</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">857,120</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">250,000</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">6,521,207</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Total assets </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">7,992,946</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">2,399,448</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,727,573</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">581,204</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">364,486</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,383,774</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">14,449,431</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Trade receivables </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">652,483</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">234,800</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">180,515</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">146,125</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">85,149</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,299,072</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Property, plant and equipment, net </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,805,912</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">984,413</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">742,461</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">221,859</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">70,156</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">5,824,801</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Capital expenditures </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">106,118</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">63,723</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">43,344</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">6,689</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">19,644</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">239,518</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Depreciation and amortization </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">307,116</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">125,781</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">89,667</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">41,528</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">30,629</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">594,721</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; width: 29.3433%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Year ended December 31, 2020 </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.97756%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 10.3076%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 8.89443%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Net sales </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">2,179,949</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">776,235</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">642,793</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">1,227,532</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">320,225</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">5,146,734</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Total assets </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">8,071,574</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,868,458</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">1,461,738</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">804,559</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">552,508</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">957,352</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">13,716,189</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Trade receivables </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">411,692</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">115,972</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">139,427</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">210,194</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">90,863</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">968,148</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Property, plant and equipment, net </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">3,971,101</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">1,050,619</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">823,057</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">242,939</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">105,465</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">6,193,181</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Capital expenditures </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">71,531</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">63,111</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">39,691</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">10,452</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">8,537</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">193,322</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; background-color: #cceeff; height: 17px; padding: 0px 0px 0px 7px; width: 29.3433%;"> Depreciation and amortization </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">408,546</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.97756%;">106,827</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">84,518</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 10.3076%;">44,259</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">34,656</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 8.89443%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td><td align="right" style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 8.89443%;">678,806</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 0.997506%;"> </td></tr></tbody></table>

6902787000

2550402000

1000833000

1031106000

277398000

11762526000

9018386000

3896403000

2071624000

739579000

283608000

1540646000

17550246000

1371717000

583223000

202753000

249637000

86610000

2493940000

3548844000

1031423000

706539000

189701000

79756000

5556263000

118644000

176448000

62143000

2813000

18398000

378446000

348550000

125324000

76631000

37612000

19606000

607723000

3360345000

1311279000

742463000

857120000

250000000

6521207000

7992946000

2399448000

1727573000

581204000

364486000

1383774000

14449431000

652483000

234800000

180515000

146125000

85149000

1299072000

3805912000

984413000

742461000

221859000

70156000

5824801000

106118000

63723000

43344000

6689000

19644000

239518000

307116000

125781000

89667000

41528000

30629000

594721000

2179949000

776235000

642793000

1227532000

320225000

5146734000

8071574000

1868458000

1461738000

804559000

552508000

957352000

13716189000

411692000

115972000

139427000

210194000

90863000

968148000

3971101000

1050619000

823057000

242939000

105465000

6193181000

71531000

63111000

39691000

10452000

8537000

193322000

408546000

106827000

84518000

44259000

34656000

678806000

0.42

0.13

0.10

0.22

0.23

0.24

<table cellpadding="0" style="height: 85px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"> Revenues Tubes </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"><div id="fs_70W1P6SE4000000000000000000000B">2022</div></td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-top-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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="white-space: nowrap; margin: 0pt; 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><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%;"> Oil & Gas </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> 9,543</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> 4,895</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> 4,022</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"> Oil & Gas processing plants </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> 738</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> 459</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> 407</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff;"> Industrial, Power and Others </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 852</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 640</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 415</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px;"> Total </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">11,133</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,994</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,844</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table>

9543000000

4895000000

4022000000

738000000

459000000

407000000

852000000

640000000

415000000

11133000000

5994000000

4844000000

242900000

92400000

48700000

2Cost of sales <div id="t_ft_B0E7ZD8XGW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Inventories at the beginning of the year </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,672,593</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,636,673</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,265,880</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 65%;"> Increase in inventory due to business combinations </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">199,589</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Decrease in inventory due to sale of subsidiaries </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (10,662</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Plus: Charges of the year </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Raw materials, energy, consumables and other </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,772,031</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">3,841,551</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,545,688</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Services and fees </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">293,490</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">208,472</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">154,976</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;">Labor cost (*) </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,160,085</td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">824,071</td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">757,359</td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation of property, plant and equipment </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">465,849</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">448,843</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">503,725</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Amortization of intangible assets </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,754</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">7,645</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,121</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation of right-of-use assets </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">33,244</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">35,910</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">40,127</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Maintenance expenses </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">267,294</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">129,350</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">107,764</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Allowance for obsolescence </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">24,901</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">23,296</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">35,809</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Taxes </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">194,736</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">40,887</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">45,162</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Other </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">178,691</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">98,159</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">59,790</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">8,402,075</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">5,647,522</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">3,458,110</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Less: Inventories at the end of the year </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,986,929</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,672,593</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,636,673</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 18px; background-color: #cceeff;"><td style="height: 18px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">7,087,739</td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-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><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-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><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">4,611,602</td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-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><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-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><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">4,087,317</td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-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> (*) For the year ended December 2022, 2021 and 2020, labor cost includes approximately $17.8 million, $12.8 million and $81.3 million respectively of severance indemnities related to the adjustment of the workforce to market conditions.

<div id="t_ft_B0E7ZD8XGW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 317px; width: 100.001%;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Inventories at the beginning of the year </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,672,593</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,636,673</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,265,880</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 65%;"> Increase in inventory due to business combinations </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">199,589</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Decrease in inventory due to sale of subsidiaries </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (10,662</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Plus: Charges of the year </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Raw materials, energy, consumables and other </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,772,031</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">3,841,551</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,545,688</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Services and fees </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">293,490</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">208,472</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">154,976</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;">Labor cost (*) </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,160,085</td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">824,071</td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">757,359</td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation of property, plant and equipment </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">465,849</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">448,843</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">503,725</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Amortization of intangible assets </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,754</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">7,645</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,121</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation of right-of-use assets </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">33,244</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">35,910</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">40,127</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Maintenance expenses </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">267,294</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">129,350</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">107,764</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Allowance for obsolescence </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">24,901</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">23,296</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">35,809</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Taxes </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">194,736</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">40,887</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">45,162</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Other </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">178,691</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">98,159</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">59,790</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">8,402,075</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">5,647,522</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">3,458,110</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Less: Inventories at the end of the year </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,986,929</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,672,593</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,636,673</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 18px; background-color: #cceeff;"><td style="height: 18px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">7,087,739</td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-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><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-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><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">4,611,602</td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-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><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 18px; border-top-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><td align="right" style="height: 18px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">4,087,317</td><td style="vertical-align: bottom; height: 18px; background-color: #cceeff; white-space: nowrap; border-top-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> (*) For the year ended December 2022, 2021 and 2020, labor cost includes approximately $17.8 million, $12.8 million and $81.3 million respectively of severance indemnities related to the adjustment of the workforce to market conditions. 2672593000 1636673000 2265880000 199589000 10662000 5772031000 3841551000 1545688000 293490000 208472000 154976000 1160085000 824071000 757359000 465849000 448843000 503725000 11754000 7645000 8121000 33244000 35910000 40127000 267294000 129350000 107764000 24901000 23296000 35809000 194736000 40887000 45162000 178691000 98159000 59790000 8402075000 5647522000 3458110000 3986929000 2672593000 1636673000

7087739000

4611602000

4087317000

17800000 12800000 81300000

3Selling, general and administrative expenses <div id="t_ft_HRXKC3PZI800000000000000000000b"><table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt; height: 22px;" width="100%"><tbody><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td colspan="7" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">Year ended December 31,</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">2022</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">2021</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">2020</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; width: 64%; background-color: #cceeff;" valign="bottom"> Services and fees </td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom">148,331</td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">115,303</td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">115,883</td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top">Labor cost (*)</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">518,500</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">426,414</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">444,436</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"> Depreciation of property, plant and equipment </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">21,883</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">22,924</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">26,814</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Amortization of intangible assets </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">59,018</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">63,874</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">82,355</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="top"> Depreciation of right-of-use assets </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">15,975</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">15,525</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">17,664</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Commissions, freight and other selling expenses </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">641,812</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">415,895</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">310,815</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"> Provisions for contingencies </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">20,606</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">24,998</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">11,957</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Allowances for doubtful accounts </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"> (223</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"> (4,297</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">4,644</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"> Taxes </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">121,410</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">78,800</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">63,234</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Other </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">87,263</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">47,133</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">41,425</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom"/><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="border-left: none; border-right: none; background: #cceeff; padding: 0px; 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: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom">1,634,575</td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom">1,206,569</td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom">1,119,227</td><td style="border-left: none; border-right: none; padding: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table></div> (*)For the year ended December 2022, 2021 and 2020, labor cost includes approximately $11.2 million, $15.8 million and $61.2 million respectively of severance indemnities related to the adjustment of the workforce to market conditions.

<div id="t_ft_HRXKC3PZI800000000000000000000b"><table border="0" cellpadding="0" style="width: 100%; border-collapse: collapse; margin: 0px; text-indent: 0px; font-family: 'times new roman'; font-size: 10pt; height: 22px;" width="100%"><tbody><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td colspan="7" style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">Year ended December 31,</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top"/><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">2022</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">2021</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;" valign="top">2020</td><td style="border-top: none; border-right: none; border-left: none; border-image: initial; padding: 0cm 5.4pt; height: 1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: windowtext !important;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; width: 64%; background-color: #cceeff;" valign="bottom"> Services and fees </td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px;" valign="bottom">148,331</td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">115,303</td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; width: 1%; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; width: 10%; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">115,883</td><td style="padding: 0cm 5.4pt; width: 1%; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="top">Labor cost (*)</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">518,500</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">426,414</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">444,436</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"> Depreciation of property, plant and equipment </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">21,883</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">22,924</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">26,814</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Amortization of intangible assets </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">59,018</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">63,874</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">82,355</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="top"> Depreciation of right-of-use assets </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">15,975</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">15,525</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">17,664</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Commissions, freight and other selling expenses </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">641,812</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">415,895</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">310,815</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"> Provisions for contingencies </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">20,606</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">24,998</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">11,957</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Allowances for doubtful accounts </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"> (223</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom"> (4,297</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;">)</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">4,644</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 1px; background-color: #cceeff;"><td style="padding: 0cm 5.4pt; height: 1px; background-color: #cceeff;" valign="bottom"> Taxes </td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td><td style="background: #cceeff; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">121,410</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">78,800</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px; background-color: #cceeff;" valign="bottom">63,234</td><td style="padding: 0cm 5.4pt; background-color: #cceeff; height: 1px;"> </td></tr><tr style="height: 1px;"><td style="padding: 0cm 5.4pt; height: 1px;" valign="bottom"> Other </td><td style="padding: 0cm 5.4pt; height: 1px;"> </td><td style="background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">87,263</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">47,133</td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; margin: 0px; text-indent: 0px; height: 1px;"> </td><td style="padding: 0cm 0px; height: 1px; margin: 0px; text-indent: 0px;" valign="bottom">41,425</td><td style="padding: 0cm 5.4pt; height: 1px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="padding: 0px; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px;" valign="bottom"/><td style="padding: 0px; background-color: #cceeff; height: 10px; margin: 0px; text-indent: 0px;"> </td><td style="border-left: none; border-right: none; background: #cceeff; padding: 0px; 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: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom">1,634,575</td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom">1,206,569</td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;"> </td><td style="border-left: none; border-right: none; padding: 0px; height: 10px; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important;" valign="bottom">1,119,227</td><td style="border-left: none; border-right: none; padding: 0px; background-color: #cceeff; height: 10px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: windowtext !important; border-bottom-color: windowtext !important; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table></div> (*)For the year ended December 2022, 2021 and 2020, labor cost includes approximately $11.2 million, $15.8 million and $61.2 million respectively of severance indemnities related to the adjustment of the workforce to market conditions. 148331000 115303000 115883000 518500000 426414000 444436000 21883000 22924000 26814000 59018000 63874000 82355000 15975000 15525000 17664000 641812000 415895000 310815000 20606000 24998000 11957000 -223000 -4297000 4644000 121410000 78800000 63234000 87263000 47133000 41425000

1634575000

1206569000

1119227000

11200000 15800000 61200000

4Labor costs (included in Cost of sales and in Selling, general and administrative expenses) <div id="t_ft_R3J9P88EJ400000000000000000000b"><table cellpadding="0" style="height: 129px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"> Wages, salaries and social security costs </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,594,200</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,170,562</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,036,211</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Severance indemnities </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">29,070</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">28,625</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">142,458</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Defined contribution plans </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">13,256</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">12,608</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">12,442</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Pension benefits - defined benefit plans </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">16,320</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">13,353</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,097</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Employee retention and long-term incentive program </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">25,739</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">25,337</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (413</td><td align="left" style="height: 10px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,678,585</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,250,485</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,201,795</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> <div style="border-right: none; border-left: none;">The following table shows the geographical distribution of the employees: <table cellpadding="0" style="height: 222px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 18px;"><td style="height: 18px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; 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;">2022</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; 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;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; 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;">2020</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"> Argentina </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">6,444</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">5,169</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">4,376</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Mexico </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,919</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,474</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">4,501</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> USA </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">3,509</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,684</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,596</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Italy </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,136</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,011</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,039</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Romania </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,847</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,725</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,552</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Brazil </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,460</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,817</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,360</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Colombia </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,183</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,009</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">746</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Canada </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">944</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">758</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">561</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Indonesia </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">495</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">506</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">521</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Japan </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">379</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">399</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Other </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,344</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,244</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,377</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">25,292</td><td style="white-space: nowrap; margin: 0pt; 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><td style="white-space: nowrap; margin: 0pt; 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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">22,776</td><td style="white-space: nowrap; margin: 0pt; 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><td style="white-space: nowrap; margin: 0pt; 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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">19,028</td><td style="white-space: nowrap; margin: 0pt; 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>

<div id="t_ft_R3J9P88EJ400000000000000000000b"><table cellpadding="0" style="height: 129px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td colspan="8" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"> Wages, salaries and social security costs </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,594,200</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,170,562</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,036,211</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Severance indemnities </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">29,070</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">28,625</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">142,458</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Defined contribution plans </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">13,256</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">12,608</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">12,442</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Pension benefits - defined benefit plans </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">16,320</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">13,353</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11,097</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Employee retention and long-term incentive program </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">25,739</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">25,337</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 10px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (413</td><td align="left" style="height: 10px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,678,585</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,250,485</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,201,795</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div>

1594200000

1170562000

1036211000

29070000

28625000

142458000

13256000

12608000

12442000

16320000

13353000

11097000

25739000 25337000 -413000

1678585000

1250485000

1201795000

<table cellpadding="0" style="height: 222px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 18px;"><td style="height: 18px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; 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;">2022</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; 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;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><td align="right" style="height: 18px; white-space: nowrap; margin: 0pt; 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;">2020</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 18px; border-top-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><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 65%; padding: 0px 0px 0px 7px;"> Argentina </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">6,444</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">5,169</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">4,376</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Mexico </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,919</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,474</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">4,501</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> USA </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">3,509</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,684</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,596</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Italy </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,136</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,011</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,039</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Romania </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,847</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,725</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,552</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Brazil </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,460</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,817</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,360</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Colombia </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,183</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,009</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">746</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Canada </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">944</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">758</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">561</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Indonesia </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">495</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">506</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">521</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Japan </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">11</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">379</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">399</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Other </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,344</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,244</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,377</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">25,292</td><td style="white-space: nowrap; margin: 0pt; 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><td style="white-space: nowrap; margin: 0pt; 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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">22,776</td><td style="white-space: nowrap; margin: 0pt; 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><td style="white-space: nowrap; margin: 0pt; 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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">19,028</td><td style="white-space: nowrap; margin: 0pt; 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>

6444

5169

4376

5919

5474

4501

3509

2684

1596

2136

2011

2039

1847

1725

1552

1460

1817

1360

1183

1009

746

944

758

561

495

506

521

379

399

1344

1244

1377

25292

22776

19028

5Impairment charge 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. The Company conducts regular assessments of the carrying values of its assets. The recoverable valueis based on the value inuse. The main key assumptions used in estimating the value in use are discount rate, growth rate and competitive, economic and regulatory 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. In December 2022, the Company conducted impairment tests, andalso reviewed and impaired the values of certain idle assets in its subsidiaries. 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 and expectations. Management has determined the value of each of the key assumptions as follows: - 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. In 2022, the main discount rates used were in a range between 13.4% and 20.2%. - Growth rate: considers mainly the inflation impact on prices and costs, the long-term evolutionof the oil and gas industry, the higher demand to offset depletion- of existing fields and the Company’s expected market penetration. In 2022, a nominal growth rate of 2% was considered. - Oil and gas prices: based on industry analysts’ reports and management’s expectations of market development. - Rig count: based on information published by Baker Hughes and management’s expectations. - Raw material costs: based on industry analysts’ reports and management’s expectations. In December 2022, in the presence of impairment indicators, the Company conducted impairment tests and reviewed the values ofcertain idle assets in its subsidiaries. The aforementioned analysis resulted in impairment charges of $76.7million, allocated in $63.1 million to the Tubes segment and $13.6 million to the Other segment. In December, 2021, as a result of the expected termination of the NKKTubes joint venture,which represented an impairment indicator for its assets, an impairment test was conducted, resulting in a charge of $57 million that totally reduced the carrying amounts of property, plant and equipment and intangible assets. The total amount was allocated to the Tubes segment. Remaining carrying amounts after the recognition of impairment charges amounted to $53 million mainly related to working capital. For the year 2020 a charge of approximately $622 million, impacting the carrying value of goodwill of the CGUs OCTG-USA, IPSCO and Coiled Tubing for $225 million, $357 million and $4 million respectively, and the carrying value of property, plant and equipment of the CGU Rods-USA for $36 million was recorded. Out of the total amount, $582 million were allocated to the Tubes segment.

0.134

0.202

0.02

76700000

63100000

13600000

57000000

53000000

622000000

225000000

357000000

4000000

36000000

582000000

6Other operating income and expenses <div id="t_ft_064N9BOQOG00000000000000000000b"><table cellpadding="0" style="height: 275px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"> </td><td colspan="7" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 34.0267%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="vertical-align: bottom; white-space: nowrap; height: 20px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 64.9331%; padding: 0px 0px 0px 7px;"> Other operating income </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"> Net income from other sales </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">28,161</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">10,694</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">9,891</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Net rents </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">5,084</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">5,314</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">5,501</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;">Reclassification of currency translation adjustment reserve (*)</td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">71,252</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;">Tax recovery in Brazilian subsidiaries (**) </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">35,568</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">8,164</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;">Other (***)</td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">16,290</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">9,837</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Recovery on allowance for doubtful receivables </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">379</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">104,497</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">68,245</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">33,393</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-top-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><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Other operating expenses </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"> Contributions to welfare projects and non-profit organizations </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">13,668</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">6,697</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">12,989</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;">Securities Exchange Commission investigation settlement (****)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">78,100</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"> Allowance for doubtful receivables </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">346</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">1,263</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Other</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">12,595</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">104,709</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">6,697</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">14,252</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) During 2022, as result of NKKTubes’ definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note 35 “Other Relevant Information –Agreement to terminate NKKTubes joint venture”. (**) On May 13, 2021, the Brazilian Supreme Court issued a final judgment which confirmed that the methodology for calculating PIS and COFINS (Federal Social Contributions on Gross Revenues) tax claims to which taxpayers are entitled to, 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. (***) On November 1, 2021 the Company transferred 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 ascended to approximately $6.8 million. (****) For more information see note 26 “Contingencies, commitments and restrictions to the distribution of profits - Contingencies - Petrobras-related proceedings and claims”.

<div id="t_ft_064N9BOQOG00000000000000000000b"><table cellpadding="0" style="height: 275px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"> </td><td colspan="7" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 34.0267%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="vertical-align: bottom; white-space: nowrap; height: 20px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 64.9331%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; text-align: center; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; width: 64.9331%; padding: 0px 0px 0px 7px;"> Other operating income </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"> Net income from other sales </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">28,161</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">10,694</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">9,891</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Net rents </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">5,084</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">5,314</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">5,501</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;">Reclassification of currency translation adjustment reserve (*)</td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">71,252</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;">Tax recovery in Brazilian subsidiaries (**) </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">35,568</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">8,164</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;">Other (***)</td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">16,290</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">9,837</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Recovery on allowance for doubtful receivables </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">379</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">104,497</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">68,245</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-top-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><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">33,393</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-top-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><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Other operating expenses </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.04012%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 9.95542%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"> Contributions to welfare projects and non-profit organizations </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">13,668</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">6,697</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">12,989</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;">Securities Exchange Commission investigation settlement (****)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">78,100</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 64.9331%;"> Allowance for doubtful receivables </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">346</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.95542%;"> - </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td style="background-color: #cceeff; margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%;">1,263</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 64.9331%;"> Other</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">12,595</td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="margin: 0px; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 64.9331%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">104,709</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">6,697</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.04012%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.95542%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">14,252</td><td style="background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.48588%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) During 2022, as result of NKKTubes’ definitive cease of operations, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement. For more information see note 35 “Other Relevant Information –Agreement to terminate NKKTubes joint venture”. (**) On May 13, 2021, the Brazilian Supreme Court issued a final judgment which confirmed that the methodology for calculating PIS and COFINS (Federal Social Contributions on Gross Revenues) tax claims to which taxpayers are entitled to, 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. (***) On November 1, 2021 the Company transferred 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 ascended to approximately $6.8 million. (****) For more information see note 26 “Contingencies, commitments and restrictions to the distribution of profits - Contingencies - Petrobras-related proceedings and claims”. 28161000 10694000 9891000

5084000

5314000

5501000

71252000 35568000 8164000

16290000

9837000

379000

104497000

68245000

33393000

13668000 6697000 12989000 78100000 346000 1263000

12595000

104709000

6697000

14252000

-53000000 36000000 17000000 12000000 1

-24300000

6800000

7Financial results <div id="fs_1HLCP16FWG00000000000000000000B"><div><table cellpadding="0" style="height: 206px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"> </td><td colspan="8" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 37.6488%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 61.6071%; padding: 0px 0px 0px 27px;"> Interest Income </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">86,112</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">38,048</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">21,625</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"> Net result on changes in FV of financial assets at FVPL </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (6,092</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"> Impairment result on financial assets at FVTOCI </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,238</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;">Finance Income (*)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">80,020</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">38,048</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">18,387</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"> Finance cost </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (45,940</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (23,677</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (27,014</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;">Net foreign exchange transactions results (**)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">15,654</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">17,287</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (74,422</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;">Foreign exchange derivatives contracts results(***)</td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (25,666</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (7,966</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">19,644</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;">Other (****)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (30,108</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,026</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,590</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"> Other financial results</td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (40,120</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">8,295</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (56,368</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"> Net financial results </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (6,040</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">22,666</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (64,995</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr></tbody></table></div> (*) Finance Income: In 2022, 2021 and 2020 includes $33 million, $3.3 million and $6.5 million of interest related to instruments carried at FVPL, respectively. In 2022 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. In 2021 also includes $18 million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note 6 to these Consolidated Financial Statements. (**) Net foreign exchange transactions results: In 2022 mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables 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. In 2021 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 Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. In 2020 mainly includes the negative impact from Euro appreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by the currency translation adjustment reserve from our Italian subsidiary, together with the negative impact from Brazilian Real depreciation against the U.S. dollar on U.S. dollar denominated intercompany liabilities in subsidiaries with functional currency Brazilian Real, largely offset by the currency translation adjustment reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar. (***) Foreign exchange derivatives contracts results: In 2022 includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen. In 2021 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. In 2020 includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro. (****) Other: In 2022 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. For more information see note 28.</div>

<div id="fs_1HLCP16FWG00000000000000000000B"><div><table cellpadding="0" style="height: 206px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 20px;"><td style="height: 20px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"> </td><td colspan="8" style="vertical-align: bottom; height: 20px; white-space: nowrap; width: 37.6488%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom; width: 61.6071%;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; text-align: center; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 16px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 61.6071%; padding: 0px 0px 0px 27px;"> Interest Income </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">86,112</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">38,048</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1.33929%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">21,625</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;"> Net result on changes in FV of financial assets at FVPL </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (6,092</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 9.67262%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;"> Impairment result on financial assets at FVTOCI </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,238</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;">Finance Income (*)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">80,020</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">38,048</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">18,387</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"> Finance cost </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (45,940</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (23,677</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (27,014</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;">Net foreign exchange transactions results (**)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">15,654</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">17,287</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (74,422</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 27px; width: 61.6071%;">Foreign exchange derivatives contracts results(***)</td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (25,666</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;"> (7,966</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%;">19,644</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.08333%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 27px; width: 61.6071%;">Other (****)</td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (30,108</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,026</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,590</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 61.6071%;"> Other financial results</td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (40,120</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">8,295</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (56,368</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 61.6071%;"> Net financial results </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (6,040</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">22,666</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1.93452%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1.33929%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 9.67262%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (64,995</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.08333%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr></tbody></table></div> (*) Finance Income: In 2022, 2021 and 2020 includes $33 million, $3.3 million and $6.5 million of interest related to instruments carried at FVPL, respectively. In 2022 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. In 2021 also includes $18 million of non-financial interest related to PIS and COFINS taxes recovery in Brazilian subsidiaries. For more information, see note 6 to these Consolidated Financial Statements. (**) Net foreign exchange transactions results: In 2022 mainly includes result from the Argentine peso and Japanese yen depreciation against the U.S. dollar on Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables 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. In 2021 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 Argentine peso and Japanese yen denominated trade, financial, social, and fiscal payables at subsidiaries with functional currency U.S. dollar. In 2020 mainly includes the negative impact from Euro appreciation against the U.S. dollar on Euro denominated intercompany liabilities in subsidiaries with functional currency U.S. dollar, largely offset by the currency translation adjustment reserve from our Italian subsidiary, together with the negative impact from Brazilian Real depreciation against the U.S. dollar on U.S. dollar denominated intercompany liabilities in subsidiaries with functional currency Brazilian Real, largely offset by the currency translation adjustment reserve from our Brazilian subsidiaries. Also includes the negative result from the Mexican peso depreciation against the U.S. dollar on peso denominated trade, social, fiscal and financial positions at Mexican subsidiaries with functional currency U.S. dollar. (***) Foreign exchange derivatives contracts results: In 2022 includes mainly losses on derivatives covering net receivables in Brazilian real and net liabilities in Euro and Japanese yen. In 2021 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. In 2020 includes mainly gain on derivatives covering net receivables in Mexican peso, Brazilian real and Canadian dollar and net payables in Euro. (****) Other: In 2022 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. For more information see note 28.</div>

86112000

38048000

21625000

-6092000

3238000

80020000

38048000

18387000

45940000

23677000

27014000

15654000

17287000

-74422000

-25666000 -7966000 19644000

30108000

1026000

1590000

-40120000

8295000

-56368000

-6040000

22666000

-64995000

33000000

3300000

6500000

-10500000

18000000 29800000

8Income tax <table cellpadding="0" style="height: 85px; 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; width: 64.951%;"> </td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.8235%;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2022</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2021</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2020</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </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: 64.951%;"> Current tax </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"> (589,706</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"> (215,467</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"> (121,048</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.951%;"> Deferred tax </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (27,530</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;">26,019</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;">97,898</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </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: 64.951%;"> Tax charge </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (617,236</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (189,448</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (23,150</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td></tr></tbody></table> The tax on Tenaris’s income before tax differs from the theoretical amount that would arise using the tax rate in each country as follows: <div id="t_ft_K7AC461LWG00000000000000000000b"><table cellpadding="0" style="height: 204px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"> </td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.9344%;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">2022</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">2021</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">2020</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </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: 64.918%;"> Income (loss) before income tax </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">3,165,937</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">1,242,766</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (619,267</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Less impairment charges (non-deductible) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">57,075</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">622,402</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </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: 64.918%;"> Income before income tax without impairment charges </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">3,165,937</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">1,299,841</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">3,135</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </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: 64.918%;"> Tax calculated at the tax rate in each country </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (705,727</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (209,765</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">21,052</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Effect of currency translation on tax base </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> (187,186</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> (76,043</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> (72,936</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;">)</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: 64.918%;"> Changes in the tax rates </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (3,422</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (29,881) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (958</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Utilization of previously unrecognized tax losses </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">29,560</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">966</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">98</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </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: 64.918%;"> Tax revaluation, withholding tax and others </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">249,539</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">125,275</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">29,594</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Tax charges </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> (617,236</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> (189,448</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> (23,150</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;">)</td></tr></tbody></table></div> Effect of currency translation on tax base, 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. Changes in the tax rates includes mainly the effect of the increase in the corporate income tax rate in Argentina from 25% to 35% for fiscal years starting January 1, 2021. Tax revaluation, withholding tax and others, includes a net tax income of $250 million, $113 million and $61 million for 2022, 2021 and 2020 respectively related to the tax revaluation regimes in Argentina and Mexico. It also includes a charge of $21 million, $23 million and $10 million for 2022, 2021 and 2020 respectively related to withholding taxes for intra-group international operations.

<table cellpadding="0" style="height: 85px; 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; width: 64.951%;"> </td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.8235%;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.951%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2022</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2021</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 0.980392%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; width: 9.96732%; border-bottom-color: #000000 !important; margin: 0px; text-indent: 0px;">2020</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </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: 64.951%;"> Current tax </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"> (589,706</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"> (215,467</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.980392%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 9.96732%;"> (121,048</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.980392%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.951%;"> Deferred tax </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (27,530</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;">26,019</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;">97,898</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </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: 64.951%;"> Tax charge </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (617,236</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (189,448</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 9.96732%;"> (23,150</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.980392%;">)</td></tr></tbody></table>

589706000

215467000

121048000

27530000

-26019000

-97898000

617236000

189448000

23150000

<div id="t_ft_K7AC461LWG00000000000000000000b"><table cellpadding="0" style="height: 204px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"> </td><td colspan="7" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 33.9344%;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.918%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">2022</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">2021</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">2020</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </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: 64.918%;"> Income (loss) before income tax </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">3,165,937</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">1,242,766</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 0.983607%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (619,267</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Less impairment charges (non-deductible) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">57,075</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">622,402</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </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: 64.918%;"> Income before income tax without impairment charges </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">3,165,937</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">1,299,841</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">3,135</td><td style="padding: 0px; vertical-align: top; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </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: 64.918%;"> Tax calculated at the tax rate in each country </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (705,727</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (209,765</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">21,052</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Effect of currency translation on tax base </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> (187,186</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> (76,043</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;"> (72,936</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;">)</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: 64.918%;"> Changes in the tax rates </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (3,422</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (29,881) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;"> (958</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 0.983607%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Utilization of previously unrecognized tax losses </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">29,560</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">966</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">98</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 0.983607%;"> </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: 64.918%;"> Tax revaluation, withholding tax and others </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">249,539</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">125,275</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;">29,594</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 64.918%;"> Tax charges </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> (617,236</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> (189,448</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;">)</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 10%;"> (23,150</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; width: 0.983607%;">)</td></tr></tbody></table></div>

3165937000

1242766000

-619267000

57075000 622402000 3165937000 1299841000 3135000

705727000

209765000

-21052000

187186000

76043000

72936000

3422000

29881000

958000

-29560000

-966000

-98000

-249539000 -125275000 -29594000

617236000

189448000

23150000

0.25

0.35

250000000 113000000 61000000 21000000 23000000 10000000

9Dividends distribution On November 3, 2022, the Company’s Board of Directors approved the payment of an interim dividend of $0.17 per share ($0.34 per ADS), or approximately $201 million, paid on November 23, 2022, with an ex-dividend date of November 21, 2022. 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 in 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. On May 3, 2021, the Company’s Shareholders approved an annual dividend in the amount of $0.21 per share ($0.42 per ADS). The amount approved included the interim dividend previously paid in November 25, 2020 in the amount of $0.07 per share ($0.14 per ADS). The balance, amounting to $0.14 per share ($0.28 per ADS), was paid on May 26, 2021, for an amount of approximately $165 million. In the aggregate, the interim dividend paid in November 2020 and the balance paid in May 2021 amounted to approximately $248 million.

0.17

0.34 201000000 0.41 0.82 0.13 0.26

0.28

0.56

331000000

484000000

0.21 0.42 0.07 0.14

0.14

0.28

165000000

248000000

10 Property, plant and equipment, net <div id="t_ft_KFJPHC1LE800000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 309px;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px;"> Year ended December 31, 2022 </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Land and civil buildings </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Industrial buildings, plant andproduction equipment </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Vehicles, furniture and fixtures </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Work in progress </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Spare parts and equipment </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Total </td><td style="height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Cost </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 41%;"> Values at the beginning of the year </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">830,104</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">13,064,541</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">420,930</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">147,429</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">59,522</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">14,522,526</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Currency translation adjustment </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (1,601</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (71,347</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (1,838</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">376</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (174</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (74,584</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;">Increase due to business combinations (*)</td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">187</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">187</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Additions </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,271</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">734</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">334,912</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,150</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">346,067</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Transfers / Reclassifications </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">9,829</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">184,915</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">16,221</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (227,153</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (16,188</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Disposals / Consumptions </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (22,569</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (322,886</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (33,562</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (3,372</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (11,972</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (394,361</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Values at the end of the year </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">815,763</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">12,857,494</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">402,485</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">252,379</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">55,526</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">14,383,647</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation and impairment </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Accumulated at the beginning of the year </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">139,941</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,199,724</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">353,639</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">4,421</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,697,725</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Currency translation adjustment </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (289</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (51,283</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (1,756</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">130</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (53,198</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Depreciation charge </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">13,577</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">432,648</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">21,022</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">20,485</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">487,732</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Impairment charge (See note 5) </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">75,722</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">321</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">76,043</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Transfers / Reclassifications </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (2</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (21,506</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (215</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (21,723</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Disposals / Consumptions </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (955</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (321,334</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (32,485</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (4,421</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (359,195</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Accumulated at the end of the year </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">152,272</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">8,313,971</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">340,526</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 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;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">20,615</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">8,827,384</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> At December 31, 2022 </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">663,491</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,543,523</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">61,959</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">252,379</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">34,911</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,556,263</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*)Related to Parques Eólicos de la Buena Ventura S.A. acquisition, for more information see note 33 to these Consolidated Financial Statements. <div style="line-height: 1.2;"><div id="t_ft_YRR9GQAXJ400000000000000000000b"/></div><div id="t_ft_U1X18FGVAO00000000000000000000b"><table cellpadding="0" style="height: 252px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 51px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 51px;"> Year ended December 31, 2021 </td><td style="white-space: nowrap; text-align: center; height: 51px; padding: 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; vertical-align: bottom;" valign="bottom"> Land and civil buildings </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Industrial buildings, plant and production equipment </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Vehicles, furniture and fixtures </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Work in progress </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Spare parts and equipment </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="white-space: nowrap; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px; background-color: #cceeff; width: 41%;"> Cost </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Values at the beginning of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">839,584</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">13,079,545</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">414,757</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">102,226</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">61,893</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">14,498,005</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Currency translation adjustment </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (5,084</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (138,839</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (5,042</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (365</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (569</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (149,899</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px;"> Additions </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">8</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">15,238</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">1,171</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">192,470</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">4,830</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">213,717</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Transfers / Reclassifications </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">2,448</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">148,037</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">17,688</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (146,752</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">21,421</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;">Decrease due to sale of subsidiaries (*)</td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (200</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (4,310</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (62</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (4,572</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Disposals / Consumptions </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (6,652</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (35,130</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (7,582</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (150</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (6,632</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (56,146</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Values at the end of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">830,104</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">13,064,541</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">420,930</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">147,429</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">59,522</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">14,522,526</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Depreciation and impairment </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Accumulated at the beginning of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">132,458</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">7,830,120</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">342,246</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">8,304,824</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Currency translation adjustment </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (1,292</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (97,236</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (4,621</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (103,149</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Depreciation charge </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">9,736</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">440,316</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">21,715</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">471,767</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Impairment charge (See note 5) </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">51,470</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">780</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">4,421</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">56,671</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;">Decrease due to sale of subsidiaries (*)</td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">-</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (567</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (53</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">-</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">-</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (620</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Disposals / Consumptions </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (961</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (24,379</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (6,428</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (31,768</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Accumulated at the end of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">139,941</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">8,199,724</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">353,639</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="margin: 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; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">4,421</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">8,697,725</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> At December 31, 2021 </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">690,163</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,864,817</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">67,291</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">147,429</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">55,101</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,824,801</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Related to Geneva sale. See note 6 to these Consolidated Financial Statements. See note 27 for a description of certain restricted assets with a carrying value of $56.2 million held in Saudi Arabia by the Company’s subsidiary SSPC, in which Tenaris holds a 47.79%. Property, plant and equipment include capitalized interests for net amounts at December 31, 2022 and 2021 of $30.4 million and $32 million, respectively. There were no new interests capitalized during 2022 and 2021. Government grants recognized as a reduction of property, plant and equipment were immaterial for the years 2022 and 2021. The carrying amounts of assets pledged as security for current and non-current borrowings were immaterial for the years 2022 and 2021.

<div id="t_ft_KFJPHC1LE800000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px; height: 309px;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px;"> Year ended December 31, 2022 </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Land and civil buildings </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Industrial buildings, plant andproduction equipment </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Vehicles, furniture and fixtures </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Work in progress </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Spare parts and equipment </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="white-space: nowrap; height: 10px; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="height: 10px; white-space: nowrap; text-align: center; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Total </td><td style="height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Cost </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 10px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 41%;"> Values at the beginning of the year </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">830,104</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">13,064,541</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">420,930</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">147,429</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">59,522</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 8%;">14,522,526</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 1%;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Currency translation adjustment </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (1,601</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (71,347</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (1,838</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">376</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (174</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (74,584</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;">Increase due to business combinations (*)</td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">187</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;">-</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">187</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Additions </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,271</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">734</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">334,912</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,150</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">346,067</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Transfers / Reclassifications </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">9,829</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">184,915</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">16,221</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (227,153</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (16,188</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Disposals / Consumptions </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (22,569</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (322,886</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (33,562</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (3,372</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (11,972</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (394,361</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Values at the end of the year </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">815,763</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">12,857,494</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">402,485</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">252,379</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">55,526</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">14,383,647</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Depreciation and impairment </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Accumulated at the beginning of the year </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">139,941</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,199,724</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">353,639</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">4,421</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">8,697,725</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Currency translation adjustment </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (289</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (51,283</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (1,756</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">130</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (53,198</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Depreciation charge </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">13,577</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">432,648</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">21,022</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">20,485</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">487,732</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Impairment charge (See note 5) </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">75,722</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">321</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">76,043</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Transfers / Reclassifications </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (2</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (21,506</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (215</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (21,723</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Disposals / Consumptions </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (955</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (321,334</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (32,485</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (4,421</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (359,195</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Accumulated at the end of the year </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">152,272</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">8,313,971</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">340,526</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; margin: 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;"> - </td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">20,615</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; 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;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; 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;">8,827,384</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> At December 31, 2022 </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">663,491</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,543,523</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">61,959</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">252,379</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">34,911</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,556,263</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*)Related to Parques Eólicos de la Buena Ventura S.A. acquisition, for more information see note 33 to these Consolidated Financial Statements. <div style="line-height: 1.2;"><div id="t_ft_YRR9GQAXJ400000000000000000000b"/></div><div id="t_ft_U1X18FGVAO00000000000000000000b"><table cellpadding="0" style="height: 252px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 51px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 51px;"> Year ended December 31, 2021 </td><td style="white-space: nowrap; text-align: center; height: 51px; padding: 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; vertical-align: bottom;" valign="bottom"> Land and civil buildings </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Industrial buildings, plant and production equipment </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Vehicles, furniture and fixtures </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Work in progress </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Spare parts and equipment </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; text-align: center; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="white-space: nowrap; height: 51px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px; background-color: #cceeff; width: 41%;"> Cost </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 8%;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Values at the beginning of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">839,584</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">13,079,545</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">414,757</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">102,226</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">61,893</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">14,498,005</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Currency translation adjustment </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (5,084</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (138,839</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (5,042</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (365</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (569</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (149,899</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 17px;"> Additions </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">8</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">15,238</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">1,171</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">192,470</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">4,830</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 17px;">213,717</td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Transfers / Reclassifications </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">2,448</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">148,037</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">17,688</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (146,752</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">21,421</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;">Decrease due to sale of subsidiaries (*)</td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (200</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (4,310</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (62</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (4,572</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Disposals / Consumptions </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (6,652</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (35,130</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (7,582</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (150</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (6,632</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (56,146</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Values at the end of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">830,104</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">13,064,541</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">420,930</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">147,429</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">59,522</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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;">14,522,526</td><td style="vertical-align: bottom; white-space: nowrap; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Depreciation and impairment </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Accumulated at the beginning of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">132,458</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">7,830,120</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">342,246</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">8,304,824</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Currency translation adjustment </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (1,292</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (97,236</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (4,621</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (103,149</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Depreciation charge </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">9,736</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">440,316</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">21,715</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;">471,767</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Impairment charge (See note 5) </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">51,470</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">780</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">4,421</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;">56,671</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;">Decrease due to sale of subsidiaries (*)</td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">-</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (567</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (53</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">-</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff;">-</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> (620</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px; background-color: #cceeff;"> ) </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> Disposals / Consumptions </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (961</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (24,379</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (6,428</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="margin: 0px; vertical-align: bottom; height: 10px;"> - </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px;"> (31,768</td><td align="left" style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 10px;"> ) </td></tr><tr style="height: 10px; background-color: #cceeff;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px; background-color: #cceeff;"> Accumulated at the end of the year </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">139,941</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">8,199,724</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">353,639</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="margin: 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; background-color: #cceeff;"> - </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">4,421</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; 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; background-color: #cceeff;">8,697,725</td><td style="vertical-align: bottom; white-space: nowrap; 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; background-color: #cceeff;"> </td></tr><tr style="height: 10px;"><td style="vertical-align: bottom; padding: 0px 0px 0px 7px; height: 10px;"> At December 31, 2021 </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">690,163</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,864,817</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">67,291</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">147,429</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">55,101</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="white-space: nowrap; margin: 0pt; vertical-align: bottom; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,824,801</td><td style="vertical-align: bottom; white-space: nowrap; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Related to Geneva sale. See note 6 to these Consolidated Financial Statements.

830104000

13064541000

420930000

147429000

59522000

14522526000

-1601000

-71347000

-1838000

376000

-174000

-74584000

187000

2271000

734000

334912000

8150000

346067000

9829000

184915000

16221000

-227153000

-16188000

22569000

322886000

33562000

3372000

11972000

394361000

815763000

12857494000

402485000

252379000

55526000

14383647000

-139941000

-8199724000

-353639000

-4421000

-8697725000

-289000

-51283000

-1756000

130000

-53198000

13577000

432648000

21022000

20485000

487732000

75722000

321000

76043000

-2000

-21506000

-215000

-21723000

-955000

-321334000

-32485000

-4421000

-359195000

-152272000

-8313971000

-340526000

-20615000

-8827384000

663491000

4543523000

61959000

252379000

34911000

5556263000

839584000

13079545000

414757000

102226000

61893000

14498005000

-5084000

-138839000

-5042000

-365000

-569000

-149899000

8000

15238000

1171000

192470000

4830000

213717000

2448000

148037000

17688000

-146752000

21421000

200000

4310000

62000

4572000

6652000

35130000

7582000

150000

6632000

56146000

830104000

13064541000

420930000

147429000

59522000

14522526000

-132458000

-7830120000

-342246000

-8304824000

-1292000

-97236000

-4621000

-103149000

9736000

440316000

21715000

471767000

51470000

780000

4421000

56671000

-567000

-53000

-620000

-961000

-24379000

-6428000

-31768000

-139941000

-8199724000

-353639000

-4421000

-8697725000

690163000

4864817000

67291000

147429000

55101000

5824801000

56200000

0.4779

30400000 32000000

11 Intangible assets, net <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 285px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> Year ended December 31, 2022 </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"> Information system projects </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"> </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"> </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">Licenses, patents and trademarks (*)</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"> </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"> </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"> Goodwill </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"> </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"> </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"> Customer relationships </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"> </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"> </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"> Total </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-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%;"> Cost </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Values at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">650,155</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">547,527</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,468,638</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,211,151</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">5,877,471</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> (2,626</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">1,088</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> (1,538</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;">Increase due to business combinations (**)</td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">4,019</td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">4,019</td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </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;"> Additions </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">31,427</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">952</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">32,379</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (5,535</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (5,535</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</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;">Disposals(***)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (58,947</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,507</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (449,109</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (509,563</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; 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;"> Values at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">614,474</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">550,991</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,469,726</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,762,042</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,397,233</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Amortization and impairment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">599,307</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">391,223</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">1,383,994</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">2,130,771</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">4,505,295</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (2,496</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (2,496</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</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;"> Amortization charge </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">23,218</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">8,701</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">38,853</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">70,772</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Impairment charge (See note 5) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">680</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">682</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;">Disposals (***)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (58,912</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,507</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (449,109</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (509,528</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; 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;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">561,119</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">398,417</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,384,674</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,720,515</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,064,725</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> At December 31, 2022 </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">53,355</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">152,574</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,085,052</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">41,527</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,332,508</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes Proprietary Technology.(**) Related to Parques Eólicos de la Buena Ventura S.A. acquisition, for more information see note 33 to these Consolidated Financial Statements.(***) Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company. <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 282px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> Year ended December 31, 2021 </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"> Information system projects </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"> </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"> </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">Licenses, patents and trademarks (*)</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"> </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"> </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"> Goodwill </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"> </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"> </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"> Customer relationships </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"> </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"> </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"> Total </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"> </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: 41%;"> Cost </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Values at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">637,352</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">550,500</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,469,962</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,211,151</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">5,868,965</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (6,466</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (151</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (1,324</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (7,941</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Additions </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">22,830</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,971</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">25,801</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (2,902</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (4,637</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (7,539</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (659</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,156</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,815</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> Values at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">650,155</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">547,527</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,468,638</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,211,151</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,877,471</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; 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;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Amortization and impairment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">577,359</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">382,531</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">1,383,994</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,096,025</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">4,439,909</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (6,014</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (6,014</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Amortization charge </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">28,072</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">8,701</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">34,746</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">71,519</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Impairment charge (See note 5) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">404</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">404</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (514</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (9</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (523</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">599,307</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">391,223</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,383,994</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,130,771</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,505,295</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; 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;"> At December 31, 2021 </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">50,848</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">156,304</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,084,644</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">80,380</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,372,176</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes Proprietary Technology. <div>The geographical allocation of goodwill for the year ended December 31, 2022 was $939.2 million for North America, $111 million for South America, $33 million for Middle East & Africa and $1.9 million for Europe. </div> The carrying amount of goodwill allocated by CGU, as of December 31, 2022, was as follows: <table cellpadding="0" style="height: 136px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" 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;"> (all amounts in millions of U.S. dollars) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><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"> </td><td colspan="4" 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"> Tubes Segment </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"> </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"> </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"> </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> CGU </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> Hydril Acquisition </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> Other </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> Total </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;"> </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-bottom-width: 1px;"> Tamsa (Hydril and other) </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;">346</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;">19</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;">365</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </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;"> Siderca (Hydril and other) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">265</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">93</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">358</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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-bottom-width: 1px;"> Hydril </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">309</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">309</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </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;"> Other </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">53</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">53</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;"> </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-bottom-width: 1px;"> Total </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">920</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">165</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,085</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;"> </td></tr></tbody></table>

<div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 285px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> Year ended December 31, 2022 </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"> Information system projects </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"> </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"> </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">Licenses, patents and trademarks (*)</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"> </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"> </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"> Goodwill </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"> </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"> </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"> Customer relationships </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"> </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"> </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"> Total </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-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%;"> Cost </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Values at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">650,155</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">547,527</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,468,638</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,211,151</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">5,877,471</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> (2,626</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">1,088</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> (1,538</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;">Increase due to business combinations (**)</td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">4,019</td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;">4,019</td><td style="padding: 0px; vertical-align: bottom; height: 10px; border-bottom-width: 1px;"> </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;"> Additions </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">31,427</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">952</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">32,379</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (5,535</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (5,535</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</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;">Disposals(***)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (58,947</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,507</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (449,109</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (509,563</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; 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;"> Values at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">614,474</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">550,991</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,469,726</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,762,042</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,397,233</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Amortization and impairment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">599,307</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">391,223</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">1,383,994</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">2,130,771</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">4,505,295</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (2,496</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> (2,496</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">)</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;"> Amortization charge </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">23,218</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">8,701</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">38,853</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">70,772</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Impairment charge (See note 5) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">680</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">682</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;">Disposals (***)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (58,912</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,507</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (449,109</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (509,528</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; 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;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">561,119</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">398,417</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,384,674</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,720,515</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,064,725</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> At December 31, 2022 </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">53,355</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">152,574</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,085,052</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">41,527</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,332,508</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes Proprietary Technology.(**) Related to Parques Eólicos de la Buena Ventura S.A. acquisition, for more information see note 33 to these Consolidated Financial Statements.(***) Mainly related to fully depreciated assets following the deconsolidation of a Canadian subsidiary of the Company. <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 282px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> Year ended December 31, 2021 </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"> Information system projects </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"> </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"> </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">Licenses, patents and trademarks (*)</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"> </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"> </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"> Goodwill </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"> </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"> </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"> Customer relationships </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"> </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"> </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"> Total </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"> </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: 41%;"> Cost </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Values at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">637,352</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">550,500</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,469,962</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,211,151</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">5,868,965</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (6,466</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (151</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (1,324</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (7,941</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Additions </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">22,830</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,971</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">25,801</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (2,902</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (4,637</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (7,539</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (659</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,156</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,815</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> Values at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">650,155</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">547,527</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,468,638</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,211,151</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5,877,471</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; 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;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Amortization and impairment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">577,359</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">382,531</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">1,383,994</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">2,096,025</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">4,439,909</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (6,014</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (6,014</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Amortization charge </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">28,072</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">8,701</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">34,746</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">71,519</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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;"> Impairment charge (See note 5) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">404</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">404</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (514</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (9</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (523</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">599,307</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">391,223</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,383,994</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,130,771</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,505,295</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; 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;"> At December 31, 2021 </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">50,848</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">156,304</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,084,644</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">80,380</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,372,176</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes Proprietary Technology.

650155000

547527000

2468638000

2211151000

5877471000

-2626000

1088000

-1538000

4019000

31427000

952000

32379000

-5535000

58947000

1507000

449109000

509563000

614474000

550991000

2469726000

1762042000

5397233000

-599307000

-391223000

-1383994000

-2130771000

-4505295000

-2496000

23218000

8701000

38853000

70772000

2000

680000

682000

-58912000

-1507000

-449109000

-509528000

-561119000

-398417000

-1384674000

-1720515000

-4064725000

53355000

152574000

1085052000

41527000

1332508000

637352000

550500000

2469962000

2211151000

5868965000

-6466000

-151000

-1324000

-7941000

22830000

2971000

25801000

-2902000

-4637000

-7539000

659000

1156000

1815000

650155000

547527000

2468638000

2211151000

5877471000

-577359000

-382531000

-1383994000

-2096025000

-4439909000

-6014000

28072000

8701000

34746000

71519000

404000

-514000

-9000

-523000

-599307000

-391223000

-1383994000

-2130771000

-4505295000

50848000

156304000

1084644000

80380000

1372176000

939200000

111000000

33000000

1900000

<table cellpadding="0" style="height: 136px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" 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;"> (all amounts in millions of U.S. dollars) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><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"> </td><td colspan="4" 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"> Tubes Segment </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"> </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"> </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"> </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> CGU </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> Hydril Acquisition </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> Other </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; border-bottom: 1px solid #000000; vertical-align: bottom;" valign="bottom"> Total </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;"> </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-bottom-width: 1px;"> Tamsa (Hydril and other) </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;">346</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;">19</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; border-bottom-width: 1px;">365</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </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;"> Siderca (Hydril and other) </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">265</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">93</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px;">358</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px;"> </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-bottom-width: 1px;"> Hydril </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">309</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;">309</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </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;"> Other </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">53</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">53</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;"> </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-bottom-width: 1px;"> Total </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">920</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">165</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,085</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;"> </td></tr></tbody></table>

346000000

19000000

365000000

265000000

93000000

358000000

309000000

53000000

920000000

165000000

1085000000

12Right-of-use assets, net and lease liabilities Right of use assets evolution <div id="t_ft_4R1STZ133400000000000000000000b"><table cellpadding="0" style="height: 342px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 70px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 70px;"> Year ended December 31, 2022 </td><td style="padding: 0px; height: 70px; 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"> Land and Civil Buildings </td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; height: 70px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Industrial Buildings, Plant and Production Equipment </td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; height: 70px; 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"> Vehicles, furniture and fixtures </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> Others </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> Total </td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><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: 41%;"> Cost </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Opening net book amount </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">46,082</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">131,816</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">20,256</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">198,154</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">52</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (414</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (417</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (779</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Additions </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">15,872</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">31,778</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">7,674</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">1,182</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">56,506</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (5,166</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (1,317</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">6,483</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (13,270</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (36,186</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,705</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (53,161</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> At December 31, 2022 </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">43,570</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">125,677</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">30,291</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,182</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">200,720</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; 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;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Depreciation </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">24,005</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">54,727</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">10,684</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">89,416</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (9</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (139</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (251</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (399</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Depreciation charge </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">8,965</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">32,767</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">7,277</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">210</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">49,219</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (3,974</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">1,431</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">2,543</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (10,054</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (35,992</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,211</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (49,257</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">18,933</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">52,794</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">17,042</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">210</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">88,979</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; 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;"> At December 31, 2022 </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">24,637</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">72,883</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">13,249</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">972</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">111,741</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> <div/><div id="t_ft_Q45JFIX54000000000000000000000b"><table cellpadding="0" style="height: 307px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 35px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px; width: 52.9801%;"> Year ended December 31, 2021 </td><td style="padding: 0px; height: 35px; width: 10.0284%; 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"> Land and Civil Buildings </td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; vertical-align: middle; height: 35px; width: 10.0284%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Industrial Buildings, Plant and Production Equipment </td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; height: 35px; width: 10.0284%; 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"> Vehicles, furniture and fixtures </td><td style="padding: 0px; height: 35px; width: 1.04068%; 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"> </td><td style="padding: 0px; height: 35px; width: 1.04068%; 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"> </td><td style="padding: 0px; height: 35px; width: 10.0284%; 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"> Total </td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><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: 52.9801%;"> Cost </td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Opening net book amount </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">41,932</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">273,358</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">18,615</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">333,905</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (187</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (592</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (560</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (1,339</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Additions </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">6,010</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">10,127</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">6,189</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">22,326</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (274</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">277</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">3</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;">Disposals (*)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,673</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (150,803</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (4,265</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (156,741</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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: 52.9801%;"> At December 31, 2021 </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">46,082</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">131,816</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">20,256</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">198,154</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; 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; width: 52.9801%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Depreciation </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">15,142</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">67,993</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">8,817</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">91,952</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (37</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (177</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (260</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (474</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Depreciation charge </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">9,882</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">35,964</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">5,589</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">51,435</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">96</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (93) </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">3</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;">Disposals (*)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (982</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (49,149</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,369</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (53,500</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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: 52.9801%;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">24,005</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">54,727</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">10,684</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">89,416</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; 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; width: 52.9801%;"> At December 31, 2021 </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">22,077</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">77,089</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">9,572</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">108,738</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes net disposals of $96.6 million related to NKKTubes lease agreement re-measurement due to joint venture termination. Depreciation of right-of-use assets is mainly included in Tubes segment. Lease liability evolution <div id="t_ft_GQ29F57IGW00000000000000000000b"><table cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; 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: top; height: 17px;"> </td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2022</td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2021</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%;"> Opening net book amount</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%;">117,285</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">257,343</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (3,922</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (11,350</td><td style="padding: 0px; vertical-align: bottom; 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;"> Additions </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">56,459</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">22,261</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;">Cancellations (*)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (5,207</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (103,329</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px;">Repayments (**)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"> (55,874</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"> (50,998</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest accrued </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,436</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,358</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> At December 31, </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">112,177</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">117,285</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) For 2021, includes $95.8 million related to NKKTubes lease agreement re-measurement due to joint venture termination.(**) For 2022 includes repayments of $52.4 million in capital and $3.5 million of interest, and for 2021 includes repayments of $48.5 million in capital and $2.5 million of interest. As of December 2022, the amount of remaining payments with maturity less than 1 year, between 2 and 5 years and more than 5 years is approximately 25.5%, 47.5% and 27%, respectively. As of December 2021, the amount of remaining payments with maturity less than 1 year, between 2 and 5 years and more than 5 years was approximately 29.5%, 33.6% and 36.9%, respectively. Expenses related to short-term leases, leases of low value assets and variable leases (included in cost of sales and selling, general and administrative expenses) were not material for the years 2022 and 2021.

<div id="t_ft_4R1STZ133400000000000000000000b"><table cellpadding="0" style="height: 342px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 70px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 70px;"> Year ended December 31, 2022 </td><td style="padding: 0px; height: 70px; 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"> Land and Civil Buildings </td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; height: 70px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Industrial Buildings, Plant and Production Equipment </td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><td style="padding: 0px; height: 70px; 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"> Vehicles, furniture and fixtures </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> Others </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> </td><td style="padding: 0px; height: 70px; 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"> Total </td><td style="padding: 0px; vertical-align: middle; height: 70px; border-top-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><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: 41%;"> Cost </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: middle; margin-left: 0.1px; background-color: #cceeff; width: 1%; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Opening net book amount </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">46,082</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">131,816</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">20,256</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">198,154</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">52</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (414</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (417</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (779</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Additions </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">15,872</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">31,778</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">7,674</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">1,182</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">56,506</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (5,166</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (1,317</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">6,483</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (13,270</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (36,186</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,705</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (53,161</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> At December 31, 2022 </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">43,570</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">125,677</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">30,291</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,182</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">200,720</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; 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;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Depreciation </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">24,005</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">54,727</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">10,684</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">89,416</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (9</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (139</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (251</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (399</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Depreciation charge </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">8,965</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">32,767</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">7,277</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">210</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;">49,219</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px;"> </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;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> (3,974</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">1,431</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;">2,543</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Disposals </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (10,054</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (35,992</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,211</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (49,257</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">18,933</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">52,794</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">17,042</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">210</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">88,979</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; 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;"> At December 31, 2022 </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">24,637</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">72,883</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">13,249</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">972</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">111,741</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> <div/><div id="t_ft_Q45JFIX54000000000000000000000b"><table cellpadding="0" style="height: 307px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 35px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 35px; width: 52.9801%;"> Year ended December 31, 2021 </td><td style="padding: 0px; height: 35px; width: 10.0284%; 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"> Land and Civil Buildings </td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; vertical-align: middle; height: 35px; width: 10.0284%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Industrial Buildings, Plant and Production Equipment </td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><td style="padding: 0px; height: 35px; width: 10.0284%; 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"> Vehicles, furniture and fixtures </td><td style="padding: 0px; height: 35px; width: 1.04068%; 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"> </td><td style="padding: 0px; height: 35px; width: 1.04068%; 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"> </td><td style="padding: 0px; height: 35px; width: 10.0284%; 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"> Total </td><td style="padding: 0px; vertical-align: middle; height: 35px; width: 1.04068%; border-top-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><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: 52.9801%;"> Cost </td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: middle; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.04068%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Opening net book amount </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">41,932</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">273,358</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">18,615</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">333,905</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (187</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (592</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (560</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (1,339</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Additions </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">6,010</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">10,127</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">6,189</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">22,326</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (274</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">277</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">3</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;">Disposals (*)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,673</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (150,803</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (4,265</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (156,741</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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: 52.9801%;"> At December 31, 2021 </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">46,082</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">131,816</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">20,256</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">198,154</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; 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; width: 52.9801%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Depreciation </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Accumulated at the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">15,142</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">67,993</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">8,817</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">91,952</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Currency translation adjustment </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (37</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (177</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (260</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (474</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;"> Depreciation charge </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">9,882</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">35,964</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">5,589</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%;">51,435</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%;"> </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: 52.9801%;"> Transfers / Reclassifications </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> - </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">96</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;"> (93) </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%;">3</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.9801%;">Disposals (*)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (982</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (49,149</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,369</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (53,500</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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: 52.9801%;"> Accumulated at the end of the year </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">24,005</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">54,727</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">10,684</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">89,416</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.04068%; 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; width: 52.9801%;"> At December 31, 2021 </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">22,077</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">77,089</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">9,572</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10.0284%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">108,738</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.04068%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes net disposals of $96.6 million related to NKKTubes lease agreement re-measurement due to joint venture termination.

46082000

131816000

20256000

198154000

52000 -414000 -417000 -779000

15872000

31778000

7674000

1182000

56506000

-5166000 -1317000 6483000 13270000 36186000 3705000 53161000

43570000

125677000

30291000

1182000

200720000

-24005000

-54727000

-10684000

-89416000

-9000 -139000 -251000 -399000

8965000

32767000

7277000

210000

49219000

-3974000 1431000 2543000 10054000 35992000 3211000 49257000

-18933000

-52794000

-17042000

-210000

-88979000

24637000

72883000

13249000

972000

111741000

41932000

273358000

18615000

333905000

-187000 -592000 -560000 -1339000

6010000

10127000

6189000

22326000

-274000 277000 3000 1673000 150803000 4265000 156741000

46082000

131816000

20256000

198154000

-15142000

-67993000

-8817000

-91952000

-37000 -177000 -260000 -474000

9882000

35964000

5589000

51435000

96000 -93000 3000 982000 49149000 3369000 53500000

-24005000

-54727000

-10684000

-89416000

22077000

77089000

9572000

108738000

96600000 <div id="t_ft_GQ29F57IGW00000000000000000000b"><table cellpadding="0" style="height: 153px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; 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: top; height: 17px;"> </td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2022</td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding: 0px; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2021</td><td style="padding: 0px; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%;"> Opening net book amount</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 10%;">117,285</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%;">257,343</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (3,922</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (11,350</td><td style="padding: 0px; vertical-align: bottom; 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;"> Additions </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">56,459</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">22,261</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px;">Cancellations (*)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (5,207</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (103,329</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td></tr><tr style="margin-left: 0.1px; height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #cceeff; margin-left: 0.1px; height: 17px;">Repayments (**)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"> (55,874</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;"> (50,998</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; margin-left: 0.1px; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest accrued </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,436</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,358</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> At December 31, </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">112,177</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; background-color: #cceeff; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">117,285</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) For 2021, includes $95.8 million related to NKKTubes lease agreement re-measurement due to joint venture termination.(**) For 2022 includes repayments of $52.4 million in capital and $3.5 million of interest, and for 2021 includes repayments of $48.5 million in capital and $2.5 million of interest.

117285000

257343000

-3922000 -11350000 56459000 22261000 5207000 103329000 55874000 50998000 3436000 3358000

112177000

117285000

95800000 52400000

3500000

48500000

2500000

0.255 0.475 0.27 0.295 0.336 0.369

13 Investments in non-consolidated companies <div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_119CT6OBTC00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px; 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; width: 76.9345%;"> </td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; width: 22.0238%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; 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: top; height: 17px; width: 76.9345%;"> </td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 76.9345%; height: 17px;"> At the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 9.97024%; height: 17px; text-indent: 0px;">1,383,774</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.97024%; height: 17px; margin: 0px; text-indent: 0px;">957,352</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4881%; height: 17px; 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; width: 76.9345%;"> Translation differences </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;">7,336</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"> (11,085</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; 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; background-color: #cceeff; height: 17px; width: 76.9345%;"> Equity in earnings of non-consolidated companies </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px;">242,743</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;">512,591</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; 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: 76.9345%;">Impairment loss in non-consolidated companies <span style="color: #000000; font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 9.97024%; text-indent: 0px;"> (34,041</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1.4881%; 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; background-color: #cceeff; height: 10px; width: 76.9345%;">Dividends and distributions declared (**)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 9.97024%; text-indent: 0px;"> (64,189</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"> (78,926</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.4881%; 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; width: 76.9345%;"> Increase in equity reserves and others </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;">5,023</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;">3,842</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; 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; background-color: #cceeff; height: 17px; width: 76.9345%;"> At the end of the year </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,540,646</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,383,774</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-top-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></div></div> (*) Includes an impairment of $19.1 million related to the investment in Usiminas and $14.9 million related to the joint venture with PAO Severstal (“Severstal”). For more information see note 36.(**) Related to Ternium and Usiminas. During 2022 and 2021 $66.2 million and$75.9 million respectively were collected. The principal non-consolidated companies are: <div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_ONKABFDIWW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 115px; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> % ownership at December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Book value at December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; 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: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Company </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;"> Country of incorporation </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%; height: 10px;">a) Ternium (*)</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 30%; height: 10px;"> Luxembourg </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;">11.46% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;">11.46% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;">1,363,607</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;">1,210,206</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;">b) Usiminas (**)</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> Brazil </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">3.07% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">3.07% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">109,534</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">103,106</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; 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; background-color: #cceeff; height: 17px;"> c) Techgen </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> Mexico </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">22.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">22.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">41,506</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">29,397</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> d) Global Pipe Company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Saudi Arabia </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">35.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">35.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">23,022</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">21,523</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; 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; background-color: #cceeff; height: 17px;"> Others </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">2,977</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">19,542</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,540,646</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,383,774</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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></div></div> (*) Including treasury shares.(**) At December 31,2022 and 2021the voting rights were 5.19%. a) Ternium Ternium is a steel producer with production facilities in Mexico, Brazil, Argentina, Colombia, the Southern United States and Central America and is one of Tenaris’s main suppliers of round steel bars and flat steel products for its pipes business. At December 31, 2022, the closing price of Ternium’s ADSs as quoted on the New York Stock Exchange was $30.56 per ADS, giving Tenaris’s ownership stake a market value of approximately $702 million. At December 31, 2022, the carrying value of Tenaris’s ownership stake in Ternium, based on Ternium’s IFRS Financial Statements, was approximately $1,363.6 million. The Company reviews its participation in Ternium whenever events or circumstances indicate that the asset’s carrying amount may not be recoverable. As of December 31, 2022, the Company concluded that the carrying amount does not exceed the recoverable value of the investment. <div><div style="border-right: none; border-left: none;"><div/></div></div>Summarized selected financial information of Ternium, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows: <div style="border-right: none; border-left: none;"><table cellpadding="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: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Ternium </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; 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; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</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;"> </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%;"> Non-current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;">8,647,510</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">8,491,363</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;"> Current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">8,844,038</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">8,606,544</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;"> Total assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">17,491,548</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 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;">17,097,907</td><td style="padding: 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,506,325</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,649,105</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;"> Current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;">2,216,832</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">3,213,764</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Total liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,723,157</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><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;">4,862,869</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;"> </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;"> Total equity </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">13,768,391</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; 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; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">12,235,038</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-controlling interests </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,922,434</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,700,019</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;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Revenues </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">16,414,466</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">16,090,744</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;"> Gross profit </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;">3,927,184</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">6,195,674</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Net income for the year attributable to owners of the parent </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,767,516</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">3,825,068</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table> </div>b) Usiminas Usiminas is a Brazilian producer of high quality flat steel products used in the energy, automotive and other industries. As of December 31, 2022, the closing price of the Usiminas’ ordinary and preferred shares, as quoted on the B3 - Brasil Bolsa Balcão S.A, was BRL7.41 ($1.42) and BRL7.16 ($1.37), respectively, giving Tenaris’s ownership stake a market value of approximately $53.6 million. As of that date, the carrying value of Tenaris’s ownership stake in Usiminas was approximately $109.5 million. For the year ended December 31, 2022, the Company conducted an impairment test and - mainly due to the lower expectations of steel demand and market steel prices, together with a worsened global macroeconomic situation that derived in the increase in discount rates - wrote down its investment in Usiminas by $19.1 million. The value-in-use was used to determine the recoverable value. Value-in-use was calculated discounting the estimated cash flows over a five-year period based on forecasts approved by management. For the subsequent years beyond the five-year period, a terminal value was calculated based on perpetuity considering a nominal growth rate of 2%. The discount rate used for such test was 13.5% and is based on the respective WACC, which is considered to be a good indicator of capital cost. The main factors that could result in additional impairment charges in future periods would be an increase of the discount rate, or a deterioration of the macroeconomic situation, steel demand and prices. Management has considered and assessed reasonably possible changes in the key assumptions and has not identified any instances that could give rise to an additional material impairment charge over its investment in Usiminas. Summarized selected financial information of Usiminas, including the aggregated amounts of assets, liabilities, revenues and profit or loss is as follows: <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.672%; height: 238px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Usiminas </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; 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; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%;"> Non-current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 10%; text-indent: 0px;">3,764,453</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;">3,491,103</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;"> Current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">3,901,844</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">3,583,814</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; background-color: #cceeff; height: 17px;"> Total assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">7,666,297</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 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;">7,074,917</td><td style="padding: 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,671,249</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,575,321</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; background-color: #cceeff; height: 17px;"> Current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">1,033,524</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">1,134,663</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Total liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,704,773</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><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;">2,709,984</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;"> </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;"> Total equity </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,961,524</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;">4,364,933</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-controlling interests </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">523,741</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">467,551</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; background-color: #cceeff; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Revenues </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">6,296,964</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,269,569</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; background-color: #cceeff; height: 17px;"> Gross profit </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">1,110,439</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">2,101,336</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Net income for the year attributable to owners of the parent </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">319,979</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,687,682</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table> c) Techgen Techgen is a Mexican company that operates a natural gas-fired combined cycle electric power plant in the Pesquería area of the State of Nuevo León, Mexico, with a power capacity of 900 megawatts. As of December 31, 2022, Tenaris held 22% of Techgen’s share capital, and its affiliates, Ternium and Tecpetrol (both controlled by San Faustin), held 48% and 30% respectively.As of December 31, 2022, the carrying value of Tenaris’s ownership stake in Techgen was approximately $41.5 million. Techgen entered into certain transportation capacity agreements, equipment and other services related to the equipment, and an agreement for the purchase of clean energy certificates. As of December 31, 2022, Tenaris’s exposure under these agreements amounted to $42.5 million, $0.9 million and $17.2million respectively. Techgen’s sponsors granted certain subordinated loans to Techgen. As of December 31, 2022, the aggregate outstanding principal amount under these subordinated loans was $264.2 million, of which $58.1 million correspond to Tenaris’s contribution. On February 13, 2019, Techgen 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 Techgen’s shareholders to secure the replaced facility. The existing syndicated loan agreement is “non-recourse” on the sponsors. Techgen’s 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 Techgen remain substantially unchanged. Under the loan agreement, Techgen is committed to maintain a debt service reserve account covering debt service becoming due during two consecutive quarters; such account is funded by stand-by letters of credit issued for the account of Techgen’s sponsors in proportion to their respective participations in Techgen. Accordingly, the Company applied for stand-by letters of credit covering 22% of the debt service coverage ratio, which as of December 31, 2022, amounted to $10.3 million. d) GPC GPC is a Saudi-German joint venture, established in 2010 and located in Jubail, Saudi Arabia, which manufactures LSAW pipes. Tenaris, through its subsidiary SSPC, currently owns 35% of the share capital of GPC. As of December 31, 2022, the carrying value of Tenaris’s ownership stake in GPC was approximately $23 million. SSPC and the other three owners of GPC have issued corporate guarantees to secure 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. As of December 31, 2022, SSPC’s exposure under the guarantees amounted to $84 million. In December 2022, EEW, a German company that owns another 35% interest in GPC, expressed its intention to sell its entire interest in GPC for a cash amount of $9.9 million and a release of EEW’s corporate guarantees with respect to GPC’s debt. SSPC and another shareholder that owns a 20% interest in GPC exercised their respective rights of first refusal. Each such acquisition is subject to customary conditions, including competition clearance and bank consents. If both acquisitions are consummated, SSPC will acquire a 22.3% additional interest in GPC (thus totaling a 57.3% interest) and will assume a portion of EEW’s corporate guarantees (so that SSPC’s exposure under the guarantees will increase to $137.5 million based on debt amounts as of December 31, 2022).

<div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_119CT6OBTC00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 139px; 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; width: 76.9345%;"> </td><td colspan="4" style="padding: 0px; vertical-align: top; height: 17px; width: 22.0238%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; 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: top; height: 17px; width: 76.9345%;"> </td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: top; background-color: #ffffff; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: top; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding: 0px; vertical-align: top; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 76.9345%; height: 17px;"> At the beginning of the year </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 9.97024%; height: 17px; text-indent: 0px;">1,383,774</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1.04167%; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 9.97024%; height: 17px; margin: 0px; text-indent: 0px;">957,352</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; width: 1.4881%; height: 17px; 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; width: 76.9345%;"> Translation differences </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;">7,336</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;"> (11,085</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; 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; background-color: #cceeff; height: 17px; width: 76.9345%;"> Equity in earnings of non-consolidated companies </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px;">242,743</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;">512,591</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; 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: 76.9345%;">Impairment loss in non-consolidated companies <span style="color: #000000; font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 9.97024%; text-indent: 0px;"> (34,041</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"> - </td><td style="padding: 0px; vertical-align: bottom; height: 10px; width: 1.4881%; 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; background-color: #cceeff; height: 10px; width: 76.9345%;">Dividends and distributions declared (**)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 9.97024%; text-indent: 0px;"> (64,189</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;">)</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 10px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 9.97024%; margin: 0px; text-indent: 0px;"> (78,926</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 10px; width: 1.4881%; 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; width: 76.9345%;"> Increase in equity reserves and others </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 9.97024%; text-indent: 0px;">5,023</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; width: 1.04167%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px;">3,842</td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 1.4881%; 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; background-color: #cceeff; height: 17px; width: 76.9345%;"> At the end of the year </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 9.97024%; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,540,646</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1.04167%; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 9.97024%; margin: 0px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,383,774</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 1.4881%; margin: 0px; text-indent: 0px; border-top-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></div></div> (*) Includes an impairment of $19.1 million related to the investment in Usiminas and $14.9 million related to the joint venture with PAO Severstal (“Severstal”). For more information see note 36.(**) Related to Ternium and Usiminas. During 2022 and 2021 $66.2 million and$75.9 million respectively were collected.

1383774000

957352000

-7336000 11085000 242743000 512591000 -34041000 64189000 78926000 5023000 3842000

1540646000

1383774000

19100000 14900000 66200000 75900000 <div style="border-right: none; border-left: none;"><div style="border-right: none; border-left: none;"><div id="t_ft_ONKABFDIWW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 115px; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> % ownership at December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; margin: 0px; height: 10px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Book value at December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 10px; text-indent: 0px; 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: middle; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Company </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;"> Country of incorporation </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%; height: 10px;">a) Ternium (*)</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 30%; height: 10px;"> Luxembourg </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;">11.46% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 7%; height: 10px; text-indent: 0px;">11.46% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;">1,363,607</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 10%; height: 10px; text-indent: 0px;">1,210,206</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; width: 1%; height: 10px; text-indent: 0px;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;">b) Usiminas (**)</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;"> Brazil </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">3.07% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">3.07% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">109,534</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 10px; text-indent: 0px;">103,106</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 10px; 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; background-color: #cceeff; height: 17px;"> c) Techgen </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> Mexico </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">22.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">22.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">41,506</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">29,397</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> d) Global Pipe Company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Saudi Arabia </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">35.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">35.00% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">23,022</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">21,523</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; 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; background-color: #cceeff; height: 17px;"> Others </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">2,977</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">19,542</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,540,646</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,383,774</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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></div></div> (*) Including treasury shares.(**) At December 31,2022 and 2021the voting rights were 5.19%.

0.1146

1363607000

1210206000

0.0307

109534000

103106000

0.22

41506000

29397000

0.35

23022000

21523000

2977000

19542000

1540646000

1383774000

0.0519

30.56

702000000

1363600000

<table cellpadding="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: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Ternium </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; height: 20px; margin: 0px; text-indent: 0px; 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; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; 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; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</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;"> </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%;"> Non-current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; width: 10%; text-indent: 0px;">8,647,510</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; width: 10%; margin: 0px; text-indent: 0px;">8,491,363</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;"> Current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">8,844,038</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">8,606,544</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;"> Total assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">17,491,548</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 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;">17,097,907</td><td style="padding: 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,506,325</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,649,105</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;"> Current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;">2,216,832</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">3,213,764</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Total liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,723,157</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><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;">4,862,869</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;"> </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;"> Total equity </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">13,768,391</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; 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; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">12,235,038</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-controlling interests </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,922,434</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,700,019</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;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Revenues </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">16,414,466</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">16,090,744</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;"> Gross profit </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; background-color: #cceeff; text-indent: 0px;">3,927,184</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">6,195,674</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Net income for the year attributable to owners of the parent </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,767,516</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">3,825,068</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table> <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; width: 99.672%; height: 238px; text-indent: 0px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Usiminas </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; 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; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; background-color: #ffffff; margin: 0px; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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%;"> Non-current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 10%; text-indent: 0px;">3,764,453</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; width: 1%; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; width: 10%; margin: 0px; text-indent: 0px;">3,491,103</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;"> Current assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">3,901,844</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">3,583,814</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; background-color: #cceeff; height: 17px;"> Total assets </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">7,666,297</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-top-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><td style="padding: 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;">7,074,917</td><td style="padding: 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">1,671,249</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,575,321</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; background-color: #cceeff; height: 17px;"> Current liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">1,033,524</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">1,134,663</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Total liabilities </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,704,773</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px; border-top-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><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;">2,709,984</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;"> </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;"> Total equity </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,961,524</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;">4,364,933</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Non-controlling interests </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">523,741</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">467,551</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; background-color: #cceeff; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Revenues </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">6,296,964</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,269,569</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; background-color: #cceeff; height: 17px;"> Gross profit </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;">1,110,439</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; background-color: #cceeff; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; margin: 0px; text-indent: 0px;">2,101,336</td><td style="padding: 0px; vertical-align: bottom; background-color: #cceeff; height: 17px; 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;"> Net income for the year attributable to owners of the parent </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;">319,979</td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; margin: 0px; height: 17px; text-indent: 0px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">1,687,682</td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table>

8647510000

8491363000

8844038000

8606544000

17491548000

17097907000

1506325000

1649105000

2216832000

3213764000

3723157000

4862869000

13768391000

12235038000

1922434000

1700019000

16414466000

16090744000

3927184000

6195674000

1767516000

3825068000

7.41 1.42 7.16 1.37

53600000

109500000

19100000

0.02

0.135

3764453000

3491103000

3901844000

3583814000

7666297000

7074917000

1671249000

1575321000

1033524000

1134663000

2704773000

2709984000

4961524000

4364933000

523741000

467551000

6296964000

6269569000

1110439000

2101336000

319979000

1687682000

0.22

0.48

0.30

41500000

42500000 900000 17200000

264200000

58100000

640000000

0.22 0.22 10300

0.35

23000000

84000000

0.35

9900000

0.20

0.223

0.573 137500000 14Receivables – non current <div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 156px; width: 100.162%; 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; font-size: 10pt;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom">2022</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom">2021</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; font-size: 10pt; border-bottom-color: #000000 !important;"> </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%; font-size: 10pt;"> Employee advances and loans </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;">11,908</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;">8,117</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;">Tax credits (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">27,333</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">53,210</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </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; font-size: 10pt;"> Receivables from related parties </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">67,921</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">61,841</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"> Legal deposits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;">9,394</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;">9,041</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </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; font-size: 10pt;"> Advances to suppliers and other advances </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">28,779</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">9,878</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"> Receivable Venezuelan subsidiaries </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </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; font-size: 10pt;"> Others </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; font-size: 10pt; border-bottom-color: #000000 !important;">17,726</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; font-size: 10pt; 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; font-size: 10pt; border-bottom-color: #000000 !important;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;">15,142</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; font-size: 10pt; 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; font-size: 10pt;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;">211,720</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; font-size: 10pt; 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; font-size: 10pt; border-bottom-color: #000000 !important;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;">205,888</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; font-size: 10pt; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries. <div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; height: 156px; width: 100.162%; 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; font-size: 10pt;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; font-size: 10pt; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom">2022</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 17px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; font-size: 10pt; border-bottom-color: #000000 !important;" valign="bottom">2021</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; font-size: 10pt; border-bottom-color: #000000 !important;"> </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%; font-size: 10pt;"> Employee advances and loans </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;">11,908</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; font-size: 10pt;">8,117</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px; font-size: 10pt;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;">Tax credits (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">27,333</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">53,210</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </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; font-size: 10pt;"> Receivables from related parties </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">67,921</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">61,841</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; font-size: 10pt;"> Legal deposits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;">9,394</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; font-size: 10pt;">9,041</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </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; font-size: 10pt;"> Advances to suppliers and other advances </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">28,779</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; font-size: 10pt;">9,878</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; height: 17px; font-size: 10pt;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px; font-size: 10pt;"> Receivable Venezuelan subsidiaries </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; margin: 0px; text-indent: 0px; font-size: 10pt;">48,659</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; font-size: 10pt;"> </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; font-size: 10pt;"> Others </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; font-size: 10pt; border-bottom-color: #000000 !important;">17,726</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; font-size: 10pt; 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; font-size: 10pt; border-bottom-color: #000000 !important;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;">15,142</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; font-size: 10pt; 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; font-size: 10pt;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;">211,720</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; font-size: 10pt; 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; font-size: 10pt; border-bottom-color: #000000 !important;"> </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; font-size: 10pt; border-bottom-color: #000000 !important;">205,888</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; font-size: 10pt; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) As of December 31, 2022 and 2021 respectively, included approximately $8 million and $36 million related to PIS and COFINS (Federal Social Contributions on Gross Revenues) tax recovery on Brazilian subsidiaries. 11908000 8117000

27333000

53210000

67921000

61841000

9394000 9041000 28779000 9878000 48659000 48659000

17726000

15142000

211720000

205888000

8000000

36000000

15Inventories, net <table cellpadding="0" style="height: 165px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;"> Year ended December 31, </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;"> </td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2021</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: 12px;"> </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%;"> Finished goods </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">1,592,706</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">1,113,011</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Goods in process </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">936,555</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">707,665</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;"> Raw materials </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">606,977</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">358,552</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;"> Supplies </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">542,636</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">485,815</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;"> Goods in transit </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">530,721</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">253,324</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;"> </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;">4,209,595</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; height: 17px;"> </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; height: 17px;"> </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;">2,918,367</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; 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;"> Allowance for obsolescence, see note 24 (i) </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;"> (222,666</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><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><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;"> (245,774</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: bottom; height: 17px;"> </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;">3,986,929</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;"> </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;"> </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;">2,672,593</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;"> </td></tr></tbody></table>

<table cellpadding="0" style="height: 165px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;"> Year ended December 31, </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;"> </td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom; height: 12px;" valign="bottom"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2021</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: 12px;"> </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%;"> Finished goods </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">1,592,706</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">1,113,011</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Goods in process </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">936,555</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">707,665</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;"> Raw materials </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">606,977</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">358,552</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;"> Supplies </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">542,636</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">485,815</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;"> Goods in transit </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">530,721</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px;">253,324</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;"> </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;">4,209,595</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; height: 17px;"> </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; height: 17px;"> </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;">2,918,367</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; 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;"> Allowance for obsolescence, see note 24 (i) </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;"> (222,666</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><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><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;"> (245,774</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: bottom; height: 17px;"> </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;">3,986,929</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;"> </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;"> </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;">2,672,593</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;"> </td></tr></tbody></table>

1592706000

1113011000

936555000

707665000

606977000

358552000

542636000

485815000

530721000

253324000

4209595000 2918367000 222666000 245774000

3986929000

2672593000

16Receivables and prepayments, net <table cellpadding="0" style="height: 203px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2022</td><td style="height: 16px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; height: 16px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2021</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"> Prepaid expenses and other receivables </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">47,419</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">38,080</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Government entities </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">18,121</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,363</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Employee advances and loans </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">10,701</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">5,974</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Advances to suppliers and other advances </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">41,549</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">17,225</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Government tax refunds on exports </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">8,898</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">8,419</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Receivables from related parties </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">19,184</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,919</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Others </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">41,418</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">21,502</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">187,290</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">99,482</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Allowance for other doubtful accounts, see note 24 (i) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (3,479</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,206</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">183,811</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">96,276</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table>

<table cellpadding="0" style="height: 203px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 16px;"><td style="height: 16px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2022</td><td style="height: 16px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="white-space: nowrap; height: 16px; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td align="right" style="height: 16px; white-space: nowrap; margin: 0pt; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2021</td><td style="vertical-align: bottom; height: 16px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"> Prepaid expenses and other receivables </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">47,419</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px; width: 1%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; width: 10%;">38,080</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Government entities </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">18,121</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,363</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Employee advances and loans </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">10,701</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">5,974</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Advances to suppliers and other advances </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">41,549</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">17,225</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Government tax refunds on exports </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">8,898</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">8,419</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Receivables from related parties </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">19,184</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">5,919</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Others </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">41,418</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td><td style="vertical-align: bottom; white-space: nowrap; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;">21,502</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">187,290</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;">99,482</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Allowance for other doubtful accounts, see note 24 (i) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> (3,479</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; height: 17px;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,206</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; 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;">183,811</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-top-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><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-top-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><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">96,276</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table> 47419000 38080000 18121000 2363000 10701000 5974000 41549000 17225000

8898000

8419000

19184000 5919000

41418000

21502000

187290000 99482000 -3479000 -3206000

183811000

96276000

17Current tax assets and liabilities <table cellpadding="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: 97px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;"> Year ended December 31, </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;"> </td></tr><tr style="height: 12px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 12px;"> Current tax assets </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">2021</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 12px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> Income tax assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;">24,812</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%; height: 17px;">16,394</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> V.A.T. credits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">218,009</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">176,202</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;"> Other prepaid taxes </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;">315</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;"> </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;">425</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;"> </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;">243,136</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;"> </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;">193,021</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> <table cellpadding="0" style="height: 98px; 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: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"> </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;"> Year ended December 31, </td><td 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Current tax liabilities </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Income tax liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">280,469</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">73,352</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> V.A.T. liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">17,228</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">12,955</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; height: 10px; background-color: #cceeff;"> Other taxes </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">78,543</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;"> </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">57,179</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </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;">376,240</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;"> </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;">143,486</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>

218009000

176202000

315000 425000

243136000

193021000

<table cellpadding="0" style="height: 98px; 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: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px;"> </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;"> Year ended December 31, </td><td 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Current tax liabilities </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Income tax liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">280,469</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">73,352</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> V.A.T. liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">17,228</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">12,955</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; height: 10px; background-color: #cceeff;"> Other taxes </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">78,543</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;"> </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 10px; background-color: #cceeff; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">57,179</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </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;">376,240</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;"> </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;">143,486</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> 280469000 73352000

17228000

12955000

78543000 57179000

376240000

143486000

<table cellpadding="0" style="height: 119px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; width: 100%; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td colspan="5" style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; text-align: center; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; text-align: center; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 77%;"> Current accounts </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">2,479,035</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; width: 1%; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,313,934</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Receivables from related parties </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">60,400</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">32,258</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">2,539,435</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,346,192</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Allowance for doubtful accounts, see note 24 (i) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (45,495</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td style="white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (47,120</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="height: 17px; background-color: #cceeff; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,493,940</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; background-color: #cceeff; white-space: nowrap; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,299,072</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table> 2479035000 1313934000

60400000

32258000

2539435000 1346192000 45495000 47120000

2493940000

1299072000

<div style="border-left: none; border-right: none;"><div style="border-right: none; border-left: none;"><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 146px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px; padding: 0px 0px 0px 7px; width: 51.9355%;"> At December 31, 2022 </td><td colspan="2" rowspan="2" style="height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-top-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;" valign="middle"> Trade Receivables </td><td colspan="2" rowspan="2" style="border-image: initial; height: 27px; white-space: nowrap; width: 10%; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"> Not Due </td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; width: 24.0323%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Past due </td></tr><tr style="height: 17px;"><td style="height: 17px; margin: 0pt; padding: 0px 0px 0px 7px; vertical-align: bottom; width: 51.9355%;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1 - 180 days </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> > 180 days </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 51.9355%; padding: 0px 0px 0px 7px;"> Guaranteed </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">265,898</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">237,784</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">27,431</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">683</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"> Not guaranteed </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,273,537</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,756,707</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">465,423</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">51,407</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"> Guaranteed and not guaranteed </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">2,539,435</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">1,994,491</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">492,854</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">52,090</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"> Expected loss rate </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">0.06</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> % </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">0.03</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> % </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">0.18</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> % </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">0.77</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> % </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"> Allowances for doubtful accounts </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> (1,657</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> ) </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> (654</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> ) </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> (920</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> ) </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> (83</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px; width: 51.9355%;"> Nominative allowances for doubtful accounts </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> (43,838</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> ) </td><td align="right" style="height: 17px; margin: 0px; vertical-align: bottom; width: 10%;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; width: 2.01613%;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> (1,541</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> ) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;"> (42,297</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; width: 2.01613%;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px; width: 51.9355%;"> Net Value </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2,493,940</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-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><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,993,837</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-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><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">490,393</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-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><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">9,710</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2.01613%; border-top-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></div><table cellpadding="0" style="border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 139px; width: 100%;" width="100%"><tbody><tr style="height: 10px;"><td style="vertical-align: bottom; height: 10px;"> At December 31, 2021 </td><td colspan="2" rowspan="2" style="height: 20px; white-space: nowrap; vertical-align: middle; border-top-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;" valign="middle"> Trade Receivables </td><td colspan="2" rowspan="2" style="border-image: initial; height: 20px; white-space: nowrap; vertical-align: middle; border-width: 1px; border-color: #000000 !important; border-style: solid;" valign="middle"> Not Due </td><td colspan="4" style="vertical-align: bottom; height: 10px; white-space: nowrap; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Past due </td></tr><tr style="height: 10px;"><td style="height: 10px; margin: 0pt; padding-right: 8px; vertical-align: bottom;"> </td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1 - 180 days </td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> > 180 days </td><td style="vertical-align: bottom; height: 10px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; width: 52%; padding: 0px 0px 0px 7px;"> Guaranteed </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">195,848</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">185,238</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">9,894</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; width: 10%;">716</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; width: 2%;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Not guaranteed </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,150,344</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">951,356</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">148,412</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">50,576</td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Guaranteed and not guaranteed </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,346,192</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">1,136,594</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">158,306</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;">51,292</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap;"> </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Expected loss rate </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">0.06</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> % </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">0.04</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> % </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">0.20</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> % </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom;">0.84</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> % </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Allowances for doubtful accounts </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (833</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (401</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (367</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom;"> (65</td><td align="left" style="height: 17px; background-color: #cceeff; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom;"> ) </td></tr><tr style="height: 17px;"><td style="vertical-align: bottom; height: 17px; padding: 0px 0px 0px 7px;"> Nominative allowances for doubtful accounts </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (46,287</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td align="right" style="vertical-align: bottom; height: 17px; margin: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="vertical-align: bottom; height: 17px; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (1,391</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td><td align="right" style="height: 17px; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (44,896</td><td align="left" style="height: 17px; white-space: nowrap; padding-right: 8px; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> ) </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; padding: 0px 0px 0px 7px;"> Net Value </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,299,072</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,136,193</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">156,548</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td align="right" style="height: 17px; background-color: #cceeff; white-space: nowrap; margin: 0pt; vertical-align: bottom; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">6,331</td><td style="vertical-align: bottom; height: 17px; background-color: #cceeff; white-space: nowrap; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table> 265898000 237784000 27431000 683000 2273537000 1756707000 465423000 51407000 2539435000 1994491000 492854000 52090000 0.0006 0.0003 0.0018 0.0077 1657000 654000 920000 83000 43838000 1541000 42297000

2493940000

1993837000

490393000

9710000

195848000 185238000 9894000 716000 1150344000 951356000 148412000 50576000 1346192000 1136594000 158306000 51292000 0.0006 0.0004 0.002 0.0084 833000 401000 367000 65000 46287000 1391000 44896000

1299072000

1136193000

156548000

6331000

19Cash and cash equivalents and other investments <table cellpadding="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: 272px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" 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;"> Year ended December 31, </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"> Cash and cash equivalents </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Cash at banks </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">149,424</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">167,455</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;"> Liquidity funds </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">422,859</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">105,697</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Short-term investments </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;">519,244</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;"> </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;">44,975</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><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;"> </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;">1,091,527</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;"> </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;"> </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;">318,127</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other investments - current </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;"> </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;"> </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;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">196,152</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">239,742</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">211,953</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">158,107</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;"> Fund investments </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;">30,343</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">438,448</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">397,849</td><td style="padding-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;"> </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;"> Other investments - non-current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">113,574</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">312,619</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;"> Others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">7,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">119,902</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">320,254</td><td style="padding-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;"/></tr></tbody></table> <table cellpadding="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: 272px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" 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;"> Year ended December 31, </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"> Cash and cash equivalents </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Cash at banks </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">149,424</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">167,455</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;"> Liquidity funds </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">422,859</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">105,697</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Short-term investments </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;">519,244</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;"> </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;">44,975</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><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;"> </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;">1,091,527</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;"> </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;"> </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;">318,127</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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other investments - current </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;"> </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;"> </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;"> Fixed income (time-deposit, zero coupon bonds, commercial papers) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">196,152</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">239,742</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">211,953</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">158,107</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;"> Fund investments </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;">30,343</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">438,448</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">397,849</td><td style="padding-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;"> </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;"> Other investments - non-current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Bonds and other fixed income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">113,574</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">312,619</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;"> Others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">6,328</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">7,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">119,902</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">320,254</td><td style="padding-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;"/></tr></tbody></table>

149424000

167455000

422859000

105697000

519244000

44975000

1091527000

318127000

196152000 239742000 211953000 158107000 30343000

438448000

397849000

113574000 312619000 6328000 7635000

119902000

320254000

20Borrowings <table cellpadding="0" style="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: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 1pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"> Non-current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> Bank borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">46,433</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">111,452</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;"> Costs of issue of debt </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; 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; background-color: #cceeff; border-bottom-width: 1pt; 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; background-color: #cceeff; border-bottom-width: 1pt; 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; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (20</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">46,433</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">111,432</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;"> Current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> Bank borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">682,255</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">219,566</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;"> Bank overdrafts </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">94</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">60</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> Costs of issue of debt </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (20) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (125</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 1pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> Total Borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">330,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table> The maturity of borrowings is as follows: <div id="t_ft_A1JT4FYE1C00000000000000000000b"><table cellpadding="0" style="height: 112px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1 year or less </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 1 - 2 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 2 – 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Over 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At December 31, 2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"> Borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">41,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">3,000</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">1,500</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </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;"> Total borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">41,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,000</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,500</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;">Interest to be accrued (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">26,153</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">821</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">64</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">8</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">27,046</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">708,482</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">42,754</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,064</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,508</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">755,808</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes the effect of hedge accounting. <div/><div id="t_ft_3LOADGE2CW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1 year or less </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 1 - 2 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 2 – 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Over 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> At December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"> Borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">107,438</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">3,994</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">330,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </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;"> Total borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">107,438</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,994</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">330,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;">Interest to be accrued (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">2,465</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">560</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">13</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">3,038</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">221,966</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">107,998</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,007</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">333,971</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes the effect of hedge accounting. Significant borrowings include: <table cellpadding="0" style="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><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"> In millions of U.S. dollars </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.5642%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.24275%;"> </td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 51.1185%;"> Disbursement date </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 17.5642%;"> Borrower </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"> Type </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"> Final maturity </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"> Outstanding </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 1.24275%;"> </td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%; background-color: #cceeff;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%; background-color: #cceeff;"> Tamsa </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;">100</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%; background-color: #cceeff;"> </td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"> Maverick </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">100</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"> </td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: top; width: 51.1185%;" valign="top">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"> Tubos del Caribe </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">90</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"> </td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;">2020</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"> Tamsa </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">80</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"> </td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.1185%;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"> Siderca </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">55</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"> </td></tr></tbody></table> As of December 31, 2022, Tenaris was in compliance with all of its covenants. 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, 2022 and 2021, considering hedge accounting where applicable. <table cellpadding="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: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 12pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"> Total borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">9.45% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">2.09% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table> Breakdown of long-term borrowings by currency and rate is as follows: Non-current borrowings <table cellpadding="0" style="height: 105px; 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: middle; height: 20px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Currency </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Interest rates </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: 1pt; 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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 62%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 15%;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">20,000</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">99,587</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">18,933</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">11,845</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;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Variable </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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">7,500</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: 1pt; 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; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; 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; background-color: #cceeff; border-bottom-width: 1pt; 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; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; 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;"> Total non-current borrowings </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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">46,433</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">111,432</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table> <div/><div>Breakdown of short-term borrowings by currency and rate is as follows: </div> Current borrowings <table cellpadding="0" style="height: 187px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Currency </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Interest rates </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: 1pt; 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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 62%; background-color: #cceeff;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;">200,350</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;">17,015</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">206,336</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;"> </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;"> </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;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">1,273</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">26,829</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,706</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> MXN </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">141,802</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">141,861</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> ARS </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">74,025</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">8,947</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">3,023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">26,022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">29,964</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: 1pt; 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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">22,677</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> Total current borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table> Borrowings evolution <div id="t_ft_6Y4VEVFR7400000000000000000000b"><table cellpadding="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: 163px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: top; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Non current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;">111,432</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (18</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (28,705</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;"> Proceeds and repayments, net </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">49,948</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">371,500</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interests accrued less payments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">158</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,774</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;"> Reclassifications </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (115,087</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">115,087</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;">Increase due to business combinations (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">138</td><td style="padding-left: 0px; padding-right: 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;"> Overdrafts variation </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">34</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">46,433</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Related to Parques Eólicos de la Buena Ventura S.A. acquisition, for more information see note 33 to these Consolidated Financial Statements.

46433000 111452000 20000

46433000

111432000

682255000 219566000 94000 60000 20000 125000

682329000

219501000

728762000

330933000

<div id="t_ft_A1JT4FYE1C00000000000000000000b"><table cellpadding="0" style="height: 112px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1 year or less </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 1 - 2 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 2 – 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Over 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"><span style="font-family: 'times new roman', times; font-size: 10pt; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: bold; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">At December 31, 2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"> Borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">41,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">3,000</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">1,500</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </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;"> Total borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">41,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,000</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,500</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">728,762</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;">Interest to be accrued (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">26,153</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">821</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">64</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">8</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">27,046</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">708,482</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">42,754</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,064</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,508</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">755,808</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes the effect of hedge accounting. <div/><div id="t_ft_3LOADGE2CW00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 119px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">1 year or less </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 1 - 2 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> 2 – 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Over 3 years </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> At December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 41%;"> Borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">107,438</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">3,994</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%;">330,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%;"> </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;"> Total borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">107,438</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">3,994</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">330,933</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;"> </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;">Interest to be accrued (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">2,465</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">560</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">13</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">3,038</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">221,966</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">107,998</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,007</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">333,971</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Includes the effect of hedge accounting.

682329000

41933000

3000000

1500000

728762000

682329000

41933000

3000000

1500000

728762000

26153000

821000

64000

8000

27046000

708482000 42754000 3064000 1508000 755808000

219501000

107438000

3994000

330933000

219501000

107438000

3994000

330933000

2465000

560000

13000

3038000

221966000 107998000 4007000 333971000 <table cellpadding="0" style="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><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;"> In millions of U.S. dollars </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 17.5642%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 9.942%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.24275%;"> </td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 51.1185%;"> Disbursement date </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 17.5642%;"> Borrower </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"> Type </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"> Final maturity </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 9.942%;"> Outstanding </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-bottom-width: 1pt; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; width: 1.24275%;"> </td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%; background-color: #cceeff;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%; background-color: #cceeff;"> Tamsa </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%; background-color: #cceeff;">100</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%; background-color: #cceeff;"> </td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"> Maverick </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">100</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"> </td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; background-color: #cceeff; vertical-align: top; width: 51.1185%;" valign="top">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"> Tubos del Caribe </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">90</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"> </td></tr><tr><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 51.1185%;">2020</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 17.5642%;"> Tamsa </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.942%;">80</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.24275%;"> </td></tr><tr style="background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 51.1185%;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 17.5642%;"> Siderca </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;"> Bilateral </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 9.942%;">55</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.24275%;"> </td></tr></tbody></table>

100000000

90000000

80000000

55000000

<table cellpadding="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: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 12pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff;"> Total borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">9.45% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 10%; background-color: #cceeff; margin: 0px; text-indent: 0px;">2.09% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; width: 1%; background-color: #cceeff; margin: 0px; text-indent: 0px;"> </td></tr></tbody></table>

0.0945

0.0209

<table cellpadding="0" style="height: 105px; 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: middle; height: 20px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 20px; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Currency </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Interest rates </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: 1pt; 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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 62%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 15%;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">20,000</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">99,587</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">18,933</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">11,845</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;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Variable </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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">7,500</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: 1pt; 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; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; 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; background-color: #cceeff; border-bottom-width: 1pt; 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; background-color: #cceeff; height: 17px; border-bottom-width: 1pt; 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;"> Total non-current borrowings </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; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">46,433</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">111,432</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table><table cellpadding="0" style="height: 187px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; 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; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Currency </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Interest rates </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: 1pt; 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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 62%; background-color: #cceeff;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;">200,350</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10%; background-color: #cceeff;">17,015</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">206,336</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;"> </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;"> </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;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">1,273</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">26,829</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,706</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> MXN </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">141,802</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">141,861</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> ARS </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">74,025</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">8,947</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> Variable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">3,023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">26,022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> SAR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Fixed </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">29,964</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: 1pt; 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: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">22,677</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> Total current borrowings </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table>

20000000

99587000

18933000

11845000

7500000

46433000

111432000

200350000

17015000

206336000

1273000

26829000

1706000

141802000

141861000

74025000

8947000

3023000

26022000

29964000

22677000

682329000

219501000

<div id="t_ft_6Y4VEVFR7400000000000000000000b"><table cellpadding="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: 163px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; 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: top; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Non current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Current </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 17px; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; background-color: #cceeff; height: 17px;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;">111,432</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;">219,501</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (18</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (28,705</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;"> Proceeds and repayments, net </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">49,948</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">371,500</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interests accrued less payments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">158</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,774</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;"> Reclassifications </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (115,087</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">115,087</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 10px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 10px;">Increase due to business combinations (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px;">138</td><td style="padding-left: 0px; padding-right: 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;"> Overdrafts variation </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">34</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">46,433</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; 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-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;">682,329</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; border-top-width: 1pt; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> (*) Related to Parques Eólicos de la Buena Ventura S.A. acquisition, for more information see note 33 to these Consolidated Financial Statements.

111432000

219501000

-18000 -28705000 49948000 371500000 158000 4774000 -115087000 115087000 138000 34000

46433000

682329000

21Deferred tax assets and liabilities Deferred income taxes are calculated in full on temporary differences under the liability method using the tax rate of each country. The evolution of deferred tax assets and liabilitiesduring the year is as follows: Deferred tax liabilities <div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 105px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 52.907%;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Fixed assets </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Inventories </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Intangible assets and other </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; width: 1.45349%; border-top-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><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: 52.907%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">669,830</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">27,508</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">104,346</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">801,684</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (64</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">15</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">600</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">551</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"> </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: 52.907%;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">1,719</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">1,719</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Income statement (credit) / charge </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (94,099</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">16,009</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">7,877</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (70,213</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</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: 52.907%;"> At December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">575,667</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">43,532</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">114,542</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">733,741</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%; border-top-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> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; text-indent: 0px; width: 100%; height: 131px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px; width: 52.907%;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Fixed assets </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Inventories </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Intangible assets and other </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Total </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </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: 52.907%; height: 17px;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">702,415</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.45349%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">15,255</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">125,793</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">843,463</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (461</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (2,059</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (2,520</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</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: 52.907%;">Decrease due to sale of subsidiaries (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> (637</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> (637</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">4,061</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">4,061</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </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: 52.907%;"> Income statement (credit) / charge </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"> (31,487</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;">12,253</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"> (23,449</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"> (42,683</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> At December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">669,830</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">27,508</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">104,346</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">801,684</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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> Deferred tax assets <div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; width: 100%; text-indent: 0px; height: 121px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px;"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Provisions and allowances </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Inventories </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Tax losses </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Other </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; background-color: #cceeff; height: 17px;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (25,083</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (85,037</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (485,763</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (176,627</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (772,510</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (345</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">114</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">747</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (245) </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">271</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;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">954</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">954</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Income statement charge / (credit) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (389</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (95,229</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">174,427</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">18,934</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">97,743</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;"> At December 31, 2022 </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;"> (25,817</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;">)</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;"> </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;"> (180,152</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;">)</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;"> </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;"> (310,589</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;">)</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;"> </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;"> (156,984</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;">)</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;"> </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;"> (673,542</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;">)</td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 129px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Provisions and allowances </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Inventories </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Tax losses </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Other </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; height: 17px; background-color: #cceeff;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (21,208</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (85,937</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (480,149</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (206,958</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (794,252</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">506</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">606</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">80</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,195</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">2,387</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; height: 10px; background-color: #cceeff;">Decrease due to sale of subsidiaries (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">93</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">11</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">104</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Charged to other comprehensive income </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;"> </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;"> - </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;"> </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;"> </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;">2,587</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">2,587</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;"> Income statement charge / (credit) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> (4,381</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">201</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> (5,694) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">26,538</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">16,664</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2021 </td><td style="padding-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;"> (25,083</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (85,037</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (485,763</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (176,627</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (772,510</td><td style="padding-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;">)</td></tr></tbody></table></div> (*)Related to Geneva sale. See note 6 to these Consolidated Financial Statements. <div><div id="t_ft_1ZXSFU2F4000000000000000000000b"/></div> Deferred tax assets related to taxable losses of Tenaris subsidiaries are recognized to the extent it is considered probable that future taxable profits will be available, against which such losses can be utilized in the foreseeable future. This amount includes $300 million related to U.S. subsidiaries mainly due to the recognition of accelerated fiscal depreciations, as well as the amounts related to the acquisition of IPSCO in 2020.The remaining balance mainly corresponds to Tenaris’s Saudi Arabian subsidiaries. These subsidiaries have incurred in fiscal losses in the pastone or two years. Tenaris has concluded that these deferred tax assets will be recoverable based on the business plans and budgets. Approximately 100% of the recognized tax losses have an expiration date in more than 5 years or do not expire. As of December 31, 2022, the net unrecognized deferred tax assets amounted to $120.4 million. Unrecognized tax creditswith expiration dates in less than 1 year, between 2 and 5 years and more than 5 years or without expiration date are approximately 8%, 4% and 88% respectively. The estimated recovery analysis of deferred tax assets and settlement of deferred tax liabilities, which takes into consideration management assumptions and estimates, is as follows: <table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 71px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Deferred tax assets to be recovered after 12 months </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (171,717</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (611,552</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> Deferred tax liabilities to be settled after 12 months </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">688,124</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">782,128</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr></tbody></table> Deferred income tax assets and liabilities are offset when (1) there is a legally enforceable right to set-off current tax assets against current tax liabilities and (2) when the deferred income taxes relate to the same fiscal authority on either the same taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. The following amounts, determined after appropriate set-off, are shown in the Consolidated Statement of Financial Position:<div style="border-left: none; border-right: none;"> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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;"> Deferred tax assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"> (208,870</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"> (245,547</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Deferred tax liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">269,069</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">274,721</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;"> </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;">60,199</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;"> </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;"> </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;">29,174</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;"> </td></tr></tbody></table></div> The movement in the net deferred income tax liability account is as follows: <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" 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;"> Year ended December 31, </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><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">29,174</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">49,211</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">822</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (133</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;"> Decrease due to sale of subsidiaries </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (533</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">2,673</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,648</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;"> Income statement charge / (credit) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">27,530</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (26,019</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </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;">60,199</td><td style="padding-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;"> </td><td style="padding-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;"> </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;">29,174</td><td style="padding-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;"/></tr></tbody></table></div></div>

Deferred tax liabilities <div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 105px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 52.907%;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Fixed assets </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Inventories </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Intangible assets and other </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 20px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 20px; width: 1.45349%; border-top-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><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: 52.907%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">669,830</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">27,508</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">104,346</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">801,684</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (64</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">15</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">600</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">551</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"> </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: 52.907%;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">1,719</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%;">1,719</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Income statement (credit) / charge </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (94,099</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">16,009</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">7,877</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (70,213</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</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: 52.907%;"> At December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">575,667</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">43,532</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">114,542</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">733,741</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.45349%; border-top-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> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; text-indent: 0px; width: 100%; height: 131px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px; width: 52.907%;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Fixed assets </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.45349%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Inventories </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Intangible assets and other </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Total </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; width: 1.01744%; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </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: 52.907%; height: 17px;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">702,415</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.45349%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">15,255</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">125,793</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0291%; height: 17px;">843,463</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1.01744%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (461</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (2,059</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> (2,520</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;">)</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: 52.907%;">Decrease due to sale of subsidiaries (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> (637</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 10.0291%;"> (637</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">4,061</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%;">4,061</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%;"> </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: 52.907%;"> Income statement (credit) / charge </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"> (31,487</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.45349%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;">12,253</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"> (23,449</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10.0291%;"> (42,683</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.01744%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 52.907%;"> At December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">669,830</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.45349%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">27,508</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">104,346</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 10.0291%; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">801,684</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.01744%; border-top-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> Deferred tax assets <div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; width: 100%; text-indent: 0px; height: 121px;" width="100%"><tbody><tr style="height: 36px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 36px;"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Provisions and allowances </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Inventories </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Tax losses </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Other </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; vertical-align: bottom; border-top-color: #000000 !important; border-bottom-color: #000000 !important;" valign="bottom"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; height: 36px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; background-color: #cceeff; height: 17px;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (25,083</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (85,037</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (485,763</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (176,627</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff; height: 17px;"> (772,510</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (345</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">114</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">747</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (245) </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">271</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;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">954</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">954</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Income statement charge / (credit) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (389</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (95,229</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">174,427</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">18,934</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">97,743</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;"> At December 31, 2022 </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;"> (25,817</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;">)</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;"> </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;"> (180,152</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;">)</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;"> </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;"> (310,589</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;">)</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;"> </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;"> (156,984</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;">)</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;"> </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;"> (673,542</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;">)</td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 129px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 34px;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Provisions and allowances </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Inventories </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Tax losses </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Other </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: middle; margin: 0px; text-indent: 0px; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 41%; height: 17px; background-color: #cceeff;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (21,208</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (85,937</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (480,149</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (206,958</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;"> (794,252</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">506</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">606</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">80</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,195</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">2,387</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; height: 10px; background-color: #cceeff;">Decrease due to sale of subsidiaries (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">93</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">11</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;">104</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 10px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Charged to other comprehensive income </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;"> </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;"> - </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;"> </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;"> </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;">2,587</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">2,587</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;"> Income statement charge / (credit) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> (4,381</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">201</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> (5,694) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">26,538</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">16,664</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2021 </td><td style="padding-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;"> (25,083</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (85,037</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (485,763</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (176,627</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (772,510</td><td style="padding-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;">)</td></tr></tbody></table></div> (*)Related to Geneva sale. See note 6 to these Consolidated Financial Statements.

669830000

27508000

104346000

801684000

-64000

15000

600000

551000

1719000

-94099000

16009000

7877000

-70213000

575667000

43532000

114542000

733741000

702415000

15255000

125793000

843463000

-461000

-2059000

-2520000

-637000

4061000

-31487000

12253000

-23449000

-42683000

669830000

27508000

104346000

801684000

-25083000

-85037000

-485763000

-176627000

-772510000

-345000

114000

747000

-245000

271000

954000

-389000

-95229000

174427000

18934000

97743000

-25817000

-180152000

-310589000

-156984000

-673542000

-21208000

-85937000

-480149000

-206958000

-794252000

506000

606000

80000

1195000

2387000

93000

11000

104000

2587000

-4381000

201000

-5694000

26538000

16664000

-25083000

-85037000

-485763000

-176627000

-772510000

300000000

120400000

0.08 0.04 0.88

<table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; height: 71px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Deferred tax assets to be recovered after 12 months </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (171,717</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (611,552</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> Deferred tax liabilities to be settled after 12 months </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">688,124</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">782,128</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr></tbody></table>

171717000

611552000

688124000

782128000

<div style="border-left: none; border-right: none;"><table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 88px;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 20px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; margin: 0px; text-indent: 0px; height: 20px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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;"> Deferred tax assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"> (208,870</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;"> (245,547</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Deferred tax liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">269,069</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">274,721</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;"> </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;">60,199</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;"> </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;"> </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;">29,174</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;"> </td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 136px; font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px; width: 100%; text-indent: 0px; margin-left: 0.1px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" 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;"> Year ended December 31, </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><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">29,174</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">49,211</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">822</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (133</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;"> Decrease due to sale of subsidiaries </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (533</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Charged to other comprehensive income </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">2,673</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">6,648</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;"> Income statement charge / (credit) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">27,530</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (26,019</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </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;">60,199</td><td style="padding-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;"> </td><td style="padding-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;"> </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;">29,174</td><td style="padding-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;"/></tr></tbody></table></div>

208870000

245547000

269069000

274721000

60199000

29174000

49211000

822000

-133000

-533000

2673000

6648000

27530000

-26019000

60199000

29174000

22Other liabilities (i) Other liabilities – Non current <table cellpadding="0" style="height: 102px; 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;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2022</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;"> </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2021</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;"> </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%;"> Post-employment benefits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">108,936</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">111,904</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other long-term benefits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">71,446</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">71,345</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> Miscellaneous </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">49,760</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">48,432</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </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;">230,142</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;"> </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;"> </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;">231,681</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;"> </td></tr></tbody></table><div> </div>Post-employment benefits <table cellpadding="0" style="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: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> Unfunded </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">103,822</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">103,841</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> Funded </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">5,114</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">8,063</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;">108,936</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;">111,904</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td></tr></tbody></table> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;">Unfunded</li></ul> <div style="border-left: none; border-right: none;"><div id="t_ft_AP5R992TOG00000000000000000000b"><table cellpadding="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: 197px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;">103,841</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;">115,774</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> Current service cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">6,810</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">5,728</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;"> Interest cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">7,610</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">5,997</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Curtailments and settlements </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (64</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (422</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;">Remeasurements (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"> (4,228</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">3,174</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (5,657</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (3,716</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;"> Benefits paid from the plan </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (5,111</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (13,539</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassified to current liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (461</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (8,884</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;"> Other </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">1,082</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (271) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </td><td style="padding-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;">103,822</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">103,841</td><td style="padding-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;"> </td></tr></tbody></table></div></div> (*)For 2022 a gain of $0.1 million is attributable to demographic assumptions and a gain of $4.1 million to financial assumptions.For 2021 a loss of $0.7 million is attributable to demographic assumptions and a loss of $2.5 million to financial assumptions. The actuarial assumptions for the most relevant plans were as follows: <table cellpadding="0" style="height: 65px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2022</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;"> </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2021</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;"> </td></tr><tr style="height: 14px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 14px; background-color: #cceeff; width: 77%;"> Discount rate </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">4% - 7% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">1% - 7% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Rate of compensation increase </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">2% - 3% </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">0% - 3% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr></tbody></table> As of December 31, 2022, an increase / (decrease) of 1% in the discount rate assumption of the main plans would have generated a (decrease) / increase on the defined benefit obligation of $5.2 million and $5.9 million respectively, and an increase / (decrease) of 1% in the rate of compensation assumption of the main plans would have generated an increase / (decrease) impact on the defined benefit obligation of $3.2 million and $2.9million respectively. The above sensitivity analyses are 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. <ul style="margin: 0pt; list-style-type: square; padding-left: 0pt;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 14.08pt; padding-left: 8.42pt; text-indent: 0pt;">Funded</li></ul> The amounts recognized in the statement of financial position for the current annual period and the previous annual periodare as follows: <div style="border-left: none; border-right: none;"><div id="t_ft_E14DQZZ3R400000000000000000000b"><table cellpadding="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: 88px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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;"> Present value of funded obligations </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">116,617</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">159,528</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Fair value of plan assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (126,842</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (160,504</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 20px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 20px;">Asset (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> (10,225</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> (976</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;">)</td></tr></tbody></table></div></div> (*)In 2022 and 2021, $14.6 million and $9 million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.<div> </div> The movement in the present value of funded obligations is as follows: <div style="border-left: none; border-right: none;"><div id="t_ft_8WCJ043U8000000000000000000000b"><table cellpadding="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: 155px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </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;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">159,528</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">176,309</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (6,635</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">356</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;"> Current service cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">154</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">222</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,293</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,190</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </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;">Remeasurements (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"> (30,349</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"> (7,019</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Benefits paid </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (10,374</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (14,530</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;"> At the end of the year </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;">116,617</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;"> </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;"> </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;">159,528</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;"> </td></tr></tbody></table></div></div> (*)For 2022 a gain of $4.8 million is attributable to demographic assumptions and a gain of $25.6 million to financial assumptions.For 2021 a gain of $0.4 million is attributable to demographic assumptions and a gain of $6.6 million to financial assumptions. The movement in the fair value of plan assets is as follows: <div style="border-left: none; border-right: none;"><div id="t_ft_FBNFXLLVDS00000000000000000000b"><table cellpadding="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: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </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%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (160,504</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (157,335</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">6,639</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (250</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;"> Return on plan assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (4,319</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (3,793</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Remeasurements </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">20,987</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (10,817</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;"> Contributions paid to the plan </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (435</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (3,338</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Benefits paid from the plan </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">10,374</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">14,530</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;"> Other </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">416</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">499</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </td><td style="padding-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;"> (126,842</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (160,504</td><td style="padding-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;">)</td></tr></tbody></table></div></div> The major categories of plan assets as a percentage of total plan assets are as follows: <div style="border-left: none; border-right: none;"><div id="t_ft_ZXNQQ8KXK000000000000000000000b"><table cellpadding="0" style="height: 85px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</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;"> </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%;"> Equity instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">28.8% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">49.2% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Debt instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">67.2% </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">46.7% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> Others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">4.0% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">4.1% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"/></tr></tbody></table></div></div> The actuarial assumptions for the most relevant plans were as follows: <table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 68px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </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; width: 77%; height: 17px;"> Discount rate </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right; width: 10%; height: 17px;">3% - 5% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">2% - 3% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Rate of compensation increase </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">0% - 3% </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">0% - 3% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr></tbody></table> The expected return on plan assets is determined by considering the expected returns available on the assets underlying the current investment policy. Expected return on plan assets is determined based on long-term, prospective rates of return as of the end of the reporting period. As of December 31, 2022, an increase / (decrease) of 1% in the discount rate assumption of the main plans would have generated a (decrease) / increase on the defined benefit obligation of $10.3 million and $11.9 million respectively, and an increase / (decrease) of 1% in the compensation rate assumption of the main plans would have generated an increase / (decrease) on the defined benefit obligation of $0.7 million and $0.7 million respectively. The above sensitivity analyses are 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. There are no expected employer contributions for the year 2023. The methods and types of assumptions used in preparing the sensitivity analyses did not change compared to the previous period. <div> </div>(ii) Other liabilities –Current <table cellpadding="0" style="height: 85px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Payroll and social security payable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">224,630</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%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">174,794</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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Miscellaneous </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">35,984</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">28,931</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </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;">260,614</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;"> </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;"> </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;">203,725</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;"/></tr></tbody></table>

<table cellpadding="0" style="height: 102px; 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;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2022</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;"> </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2021</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;"> </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%;"> Post-employment benefits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">108,936</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">111,904</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other long-term benefits </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">71,446</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">71,345</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> Miscellaneous </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">49,760</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">48,432</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </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;">230,142</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;"> </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;"> </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;">231,681</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;"> </td></tr></tbody></table>

108936000 111904000 71446000 71345000 49760000 48432000

230142000

231681000

<table cellpadding="0" style="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: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 12pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; width: 77%;"> Unfunded </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">103,822</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">103,841</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 12.5pt;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom;"> Funded </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">5,114</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;">8,063</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td></tr><tr style="height: 12.5pt; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;">108,936</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;">111,904</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td></tr></tbody></table><div style="border-left: none; border-right: none;"><div id="t_ft_AP5R992TOG00000000000000000000b"><table cellpadding="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: 197px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;">103,841</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;">115,774</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> Current service cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">6,810</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">5,728</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;"> Interest cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">7,610</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">5,997</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Curtailments and settlements </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (64</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (422</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;">Remeasurements (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"> (4,228</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;">3,174</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 10px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (5,657</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (3,716</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;"> Benefits paid from the plan </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (5,111</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (13,539</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassified to current liabilities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (461</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (8,884</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;"> Other </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">1,082</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (271) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </td><td style="padding-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;">103,822</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">103,841</td><td style="padding-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;"> </td></tr></tbody></table></div></div> (*)For 2022 a gain of $0.1 million is attributable to demographic assumptions and a gain of $4.1 million to financial assumptions.For 2021 a loss of $0.7 million is attributable to demographic assumptions and a loss of $2.5 million to financial assumptions.<div style="border-left: none; border-right: none;"><div id="t_ft_E14DQZZ3R400000000000000000000b"><table cellpadding="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: 88px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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;"> Present value of funded obligations </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">116,617</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">159,528</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Fair value of plan assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (126,842</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (160,504</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 20px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #cceeff; height: 20px;">Asset (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> (10,225</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> (976</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;">)</td></tr></tbody></table></div></div> (*)In 2022 and 2021, $14.6 million and $9 million corresponding to plans with surplus balances that were reclassified within other non-current assets, respectively.<div style="border-left: none; border-right: none;"><div id="t_ft_8WCJ043U8000000000000000000000b"><table cellpadding="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: 155px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </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;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">159,528</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">176,309</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (6,635</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">356</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;"> Current service cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">154</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">222</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest cost </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,293</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,190</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </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;">Remeasurements (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"> (30,349</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;"> (7,019</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 19px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Benefits paid </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (10,374</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (14,530</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;"> At the end of the year </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;">116,617</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;"> </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;"> </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;">159,528</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;"> </td></tr></tbody></table></div></div> (*)For 2022 a gain of $4.8 million is attributable to demographic assumptions and a gain of $25.6 million to financial assumptions.For 2021 a gain of $0.4 million is attributable to demographic assumptions and a gain of $6.6 million to financial assumptions.

103822000 103841000 5114000 8063000 108936000 111904000

103841000

115774000

6810000

5728000

7610000

5997000

64000 422000

4228000

-3174000

-5657000

-3716000

5111000

13539000

461000 8884000

1082000

-271000

103822000

103841000

100000

4100000

-700000

-2500000

<table cellpadding="0" style="height: 65px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2022</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;"> </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: top; 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;">2021</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;"> </td></tr><tr style="height: 14px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 14px; background-color: #cceeff; width: 77%;"> Discount rate </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">4% - 7% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 14px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%;">1% - 7% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 14px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Rate of compensation increase </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">2% - 3% </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">0% - 3% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr></tbody></table><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 68px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </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; width: 77%; height: 17px;"> Discount rate </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; text-align: right; width: 10%; height: 17px;">3% - 5% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">2% - 3% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Rate of compensation increase </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; text-align: right; height: 17px;">0% - 3% </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">0% - 3% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr></tbody></table>

0.04

0.07

0.01

0.07

0.02

0.03

0.01

5200000

5900000

0.01

3200000

2900000

116617000

159528000

126842000

160504000

10225000

976000

14600000 9000000

159528000

176309000

-6635000

356000

154000

222000

4293000

4190000

30349000

7019000

10374000

14530000

116617000

159528000

4800000

25600000

400000

6600000

<div style="border-left: none; border-right: none;"><div id="t_ft_FBNFXLLVDS00000000000000000000b"><table cellpadding="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: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </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%;"> At the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (160,504</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 10%;"> (157,335</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; 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;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">6,639</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (250</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;"> Return on plan assets </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (4,319</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (3,793</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Remeasurements </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">20,987</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (10,817</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;"> Contributions paid to the plan </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (435</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (3,338</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Benefits paid from the plan </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">10,374</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">14,530</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;"> Other </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">416</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">499</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At the end of the year </td><td style="padding-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;"> (126,842</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (160,504</td><td style="padding-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;">)</td></tr></tbody></table></div></div> The major categories of plan assets as a percentage of total plan assets are as follows: <div style="border-left: none; border-right: none;"><div id="t_ft_ZXNQQ8KXK000000000000000000000b"><table cellpadding="0" style="height: 85px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</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;"> </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%;"> Equity instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">28.8% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 10%;">49.2% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Debt instruments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">67.2% </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">46.7% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> Others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">4.0% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">4.1% </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff;"/></tr></tbody></table></div></div>

-160504000

-157335000

-6639000

250000

-4319000

-3793000

20987000

-10817000

435000

3338000

10374000

14530000

416000

499000

-126842000

-160504000

0.288 0.492 0.672 0.467 0.04 0.041

0.03

0.05

0.02

0.03

0.01

-10300000

11900000

0.01

700000

-700000

<table cellpadding="0" style="height: 85px; 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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> Year ended December 31, </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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%;"> Payroll and social security payable </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">224,630</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%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff; margin: 0px; text-indent: 0px; width: 10%;">174,794</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: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Miscellaneous </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">35,984</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;">28,931</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; 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;"> </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;">260,614</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;"> </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;"> </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;">203,725</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;"/></tr></tbody></table>

224630000 174794000 35984000 28931000

260614000

203725000

23Non-current allowances and provisions Liabilities <table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" 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;"> Year ended December 31, </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">83,556</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">73,218</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">357</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (2,476</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;"> Additional allowance </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">11,102</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">13,896</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassifications </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">2,229</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,014</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;"> Used and other movements </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">882</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (5,096</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Values at the end of the year </td><td style="padding-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;">98,126</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">83,556</td><td style="padding-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;"> </td></tr></tbody></table> <table cellpadding="0" style="font-family: 'times new roman'; font-size: 10pt; border-collapse: collapse; margin: 0px 0px 0px 0.1px; text-indent: 0px; width: 100%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" 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;"> Year ended December 31, </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </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;">2022</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;"> </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;"> </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;">2021</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;"> </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;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">83,556</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10%; height: 17px;">73,218</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 1%; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">357</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (2,476</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;"> Additional allowance </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">11,102</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">13,896</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassifications </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">2,229</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,014</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;"> Used and other movements </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">882</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (5,096</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Values at the end of the year </td><td style="padding-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;">98,126</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">83,556</td><td style="padding-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;"> </td></tr></tbody></table>

83556000

73218000

357000

-2476000

11102000

13896000

2229000

4014000

882000 -5096000

98126000

83556000

24Current allowances and provisions (i) Deducted from assets<div style="border-right: none; border-left: none;"> <div style="border-left: none; border-right: none;"><div style="border-left: none; border-right: none;"><table cellpadding="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: 119px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"> Year ended December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for doubtful accounts - Trade receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for other doubtful accounts - Other receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for inventory obsolescence </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; background-color: #cceeff; height: 17px;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"> (47,120</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"> (3,206</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"> (245,774</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (12</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">68</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (405</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;"> (Additional) / reversal allowances </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">223</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (346</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (24,901</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,414</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">5</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">48,414</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;"> At December 31, 2022 </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;"> (45,495</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;">)</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;"> </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;"> (3,479</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;">)</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;"> </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;"> (222,666</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;">)</td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="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: 138px;" width="100%"><tbody><tr style="height: 34px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"> Year ended December 31, 2021 </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for doubtful accounts - Trade receivables </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for other doubtful accounts - Other receivables </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for inventory obsolescence </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; height: 17px; background-color: #cceeff;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"> (53,676</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"> (3,917</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"> (263,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">111</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">227</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,877</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">Decrease due to sale of subsidiaries (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;">2</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;">10</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;">405</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> (Additional) / reversal allowances </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,297</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">379</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (23,296</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;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">2,146</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">95</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">38,875</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2021 </td><td style="padding-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;"> (47,120</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (3,206</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (245,774</td><td style="padding-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;">)</td></tr></tbody></table></div> (*) Related to Geneva sale. See note 6 to these Consolidated Financial Statements.</div></div> <div/>(ii) Liabilities <div style="border-left: none; border-right: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 121px; 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: 19px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px;">Year ended December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; height: 19px; 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; vertical-align: bottom;" valign="bottom"> Sales risks </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 19px; 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; vertical-align: bottom;" valign="bottom">Other claims and contingencies (*)</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 19px; 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; vertical-align: bottom;" valign="bottom"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; border-top-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><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;">1,468</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;">7,854</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;">9,322</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (160</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (97</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (257</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;"> Additional provisions </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">5,315</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">4,189</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">9,504</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassifications </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (2,229</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (2,229</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;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (3,437</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (1,718</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (5,155</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2022 </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;">3,186</td><td style="padding-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;"> </td><td style="padding-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;"> </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;">7,999</td><td style="padding-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;"> </td><td style="padding-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;"> </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;">11,185</td><td style="padding-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;"> </td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 132px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"> Year ended December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Sales risks </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Other claims and contingencies (*)</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </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: 50%; background-color: #cceeff;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;">1,795</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;">10,484</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;">12,279</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (3</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (736</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (739</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;"> Additional provisions </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">3,506</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">7,596</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">11,102</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassifications </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;"> </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;"> (4,014</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (4,014</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 13px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px; background-color: #cceeff;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> (3,830</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> (5,476</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> (9,306</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2021 </td><td style="padding-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;">1,468</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">7,854</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">9,322</td><td style="padding-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;"> </td></tr></tbody></table></div> (*) Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.</div> <div style="border-left: none; border-right: none;"><table cellpadding="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: 119px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"> Year ended December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for doubtful accounts - Trade receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for other doubtful accounts - Other receivables </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for inventory obsolescence </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; background-color: #cceeff; height: 17px;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"> (47,120</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"> (3,206</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff; height: 17px;"> (245,774</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (12</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">68</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (405</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;"> (Additional) / reversal allowances </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">223</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (346</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> (24,901</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,414</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">5</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">48,414</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;"> At December 31, 2022 </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;"> (45,495</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;">)</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;"> </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;"> (3,479</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;">)</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;"> </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;"> (222,666</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;">)</td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="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: 138px;" width="100%"><tbody><tr style="height: 34px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; vertical-align: bottom;" valign="bottom"> Year ended December 31, 2021 </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for doubtful accounts - Trade receivables </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for other doubtful accounts - Other receivables </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> Allowance for inventory obsolescence </td><td style="background-color: #ffffff; padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; 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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 50%; height: 17px; background-color: #cceeff;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"> (53,676</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"> (3,917</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 15%; height: 17px; background-color: #cceeff;"> (263,635</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">111</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">227</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">1,877</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> </td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">Decrease due to sale of subsidiaries (*)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;">2</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;">10</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;">405</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> (Additional) / reversal allowances </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">4,297</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">379</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (23,296</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;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">2,146</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">95</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">38,875</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2021 </td><td style="padding-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;"> (47,120</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (3,206</td><td style="padding-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;">)</td><td style="padding-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;"> </td><td style="padding-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;"> (245,774</td><td style="padding-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;">)</td></tr></tbody></table></div> (*) Related to Geneva sale. See note 6 to these Consolidated Financial Statements.

47120000

3206000

245774000

12000

-68000

405000

-223000 346000 24901000

1414000

5000

48414000

45495000

3479000

222666000

53676000

3917000

263635000

-111000

-227000

-1877000

2000

10000

405000

-4297000 -379000 23296000

2146000

95000

38875000

47120000

3206000

245774000

<div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 121px; 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: 19px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px;">Year ended December 31, 2022 </td><td style="padding-left: 0px; padding-right: 0px; height: 19px; 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; vertical-align: bottom;" valign="bottom"> Sales risks </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 19px; 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; vertical-align: bottom;" valign="bottom">Other claims and contingencies (*)</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 19px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 19px; 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; vertical-align: bottom;" valign="bottom"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 19px; border-top-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><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 50%; background-color: #cceeff;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;">1,468</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;">7,854</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 15%; background-color: #cceeff;">9,322</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (160</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (97</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (257</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;"> Additional provisions </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">5,315</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">4,189</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;">9,504</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassifications </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> - </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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (2,229</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px;"> (2,229</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;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (3,437</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (1,718</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff;"> (5,155</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2022 </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;">3,186</td><td style="padding-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;"> </td><td style="padding-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;"> </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;">7,999</td><td style="padding-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;"> </td><td style="padding-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;"> </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;">11,185</td><td style="padding-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;"> </td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 100%; height: 132px;" width="100%"><tbody><tr style="height: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"> Year ended December 31, 2021 </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Sales risks </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Other claims and contingencies (*)</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 34px; border-top-width: 1px; border-top-style: solid; border-bottom-width: 1px; border-bottom-style: solid; border-top-color: #000000 !important; border-bottom-color: #000000 !important;"> </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: 50%; background-color: #cceeff;"> Values at the beginning of the year </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;">1,795</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;">10,484</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 15%; background-color: #cceeff;">12,279</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1%; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Translation differences </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (3</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (736</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (739</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;"> Additional provisions </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">3,506</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">7,596</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;">11,102</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Reclassifications </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;"> </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;"> (4,014</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> (4,014</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">)</td></tr><tr style="height: 13px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 13px; background-color: #cceeff;"> Used </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> (3,830</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> (5,476</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;"> (9,306</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 13px; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> At December 31, 2021 </td><td style="padding-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;">1,468</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">7,854</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">9,322</td><td style="padding-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;"> </td></tr></tbody></table></div> (*) Other claims and contingencies mainly include lawsuits and other legal proceedings, including employee, tax and environmental-related claims.

1468000

7854000

9322000

-160000

-97000

-257000

5315000 4189000 9504000

-2229000

3437000

1718000

5155000

3186000

7999000

11185000

1795000

10484000

12279000

-3000

-736000

-739000

3506000 7596000 11102000

-4014000

3830000

5476000

9306000

1468000

7854000

9322000

25Derivative financial instruments Net fair values of derivative financial instruments The net fair values of derivative financial instruments, in accordance with IFRS 13,are: <table cellpadding="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: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; height: 17px; background-color: #cceeff;"> Derivatives hedging borrowings and investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;">6,480</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;">2,472</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other derivatives </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">24,325</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">8,843</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;"> Contracts with positive fair values </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;">30,805</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;">11,315</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </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;"> </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;"> </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;"> Derivatives hedging borrowings and investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> (147) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other derivatives </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;"> (7,127</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;"> </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;"> (11,181</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><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;"> Contracts with negative fair values </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;"> (7,127</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;">)</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;"> </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;"> (11,328</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;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total </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;">23,678</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;"> </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;"> (13</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><div/> Foreign exchange and commodities derivative contracts and hedge accounting Tenaris applies hedge accounting to certain cash flow hedges of highly probable forecast transactions. The net fair values of exchange rate derivatives and those derivatives that were designated for hedge accounting as of December 31, 2022 and 2021 were as follows: <div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 255px; 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 rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Purchase currency </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Sell currency </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Term </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.1894%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.6332%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Hedge Accounting Reserve </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; background-color: #cceeff;"> MXN </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;">6,571</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;">1,444</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"> (67</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"> (93</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> MXN </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (838</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">1,866</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (7,670</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (2,786</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (7,430</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">20,783</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">9,092</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">23,935</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">8,258</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> JPY </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (269</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">557</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> BRL </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (2,490</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (1,030</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> KWD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (129</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> CAD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">404</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (246</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> GBP </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (11</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (55</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> CNY </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (242</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (130</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> BRL </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">223</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (238</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">63</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (40</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; 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; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">27,038</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; 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; background-color: #cceeff; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">20</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; 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; background-color: #cceeff; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">21,085</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%; 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; background-color: #cceeff; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,292</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8349%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Purchase Commodity </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Term </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; 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; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Hedge Accounting Reserve </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.963%; background-color: #cceeff; height: 17px;"> Houston Ship Channel Gas </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (814</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.48148%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (814</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"> LME Scrap </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;">29</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> (3,148</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </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: 42.963%;"> Iron Ore </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;">12</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"> (1,274</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"> Electric Energy </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> (519</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> (519</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </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: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> TTF Gas </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,068</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 9.92593%; 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; background-color: #cceeff; height: 17px; width: 1.48148%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,207</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 9.92593%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,360</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (7,963</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr></tbody></table></div> Following is a summary of the hedge reserve evolution: (all amounts in thousands of U.S. dollars) <table cellpadding="0" style="height: 68px; 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: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Equity Reserve Dec-2020</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Movements 2021</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Equity Reserve Dec-2021</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Movements 2022</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Equity Reserve Dec-2022</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;"> </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: 41%; background-color: #cceeff;"> Foreign Exchange & Commodities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"> (4,771</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">6,030</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">1,259</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">11,863</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">13,122</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total Cash flow Hedge </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;"> (4,771</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;">)</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;"> </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;">6,030</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;"> </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;"> </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;">1,259</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;"> </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;"> </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;">11,863</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;"> </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;"> </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;">13,122</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;"> </td></tr></tbody></table> Tenaris estimates that the cash flow hedge reserve corresponding to derivatives instruments at December 31, 2022 will be recycled to the Consolidated Income Statement during 2023. For information on hedge accounting reserve,seesection III.D to these Consolidated Financial Statements.

<table cellpadding="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: 170px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;"> Year ended December 31, </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;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-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;">2022</td><td style="padding-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;"> </td><td style="padding-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;"> </td><td style="padding-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;">2021</td><td style="padding-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;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 77%; height: 17px; background-color: #cceeff;"> Derivatives hedging borrowings and investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;">6,480</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 10%; height: 17px; background-color: #cceeff;">2,472</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other derivatives </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">24,325</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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px;">8,843</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;"> Contracts with positive fair values </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;">30,805</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;">11,315</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; 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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </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;"> </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;"> </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;"> Derivatives hedging borrowings and investments </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> (147) </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Other derivatives </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;"> (7,127</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;"> </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;"> (11,181</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><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;"> Contracts with negative fair values </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;"> (7,127</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;">)</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;"> </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;"> (11,328</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;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total </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;">23,678</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;"> </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;"> (13</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>

6480000

2472000

24325000

8843000

30805000

11315000

147000

7127000

11181000

7127000

11328000

23678000 -13000

<div style="border-left: none; border-right: none;"><table cellpadding="0" style="height: 255px; 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 rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Purchase currency </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Sell currency </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Term </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.1894%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 22.6332%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Hedge Accounting Reserve </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; background-color: #cceeff;"> MXN </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;">6,571</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;">1,444</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"> (67</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; background-color: #cceeff;"> (93</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; background-color: #cceeff;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> MXN </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (838</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">1,866</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (7,670</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (2,786</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (7,430</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> EUR </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">20,783</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">9,092</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">23,935</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">8,258</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> JPY </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (269</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">557</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> BRL </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (2,490</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (1,030</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> KWD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (129</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> CAD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">404</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (246</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> GBP </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (11</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (55</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> CNY </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (242</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> (130</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%;"> </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: 32.9882%;"> BRL </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> USD </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;">223</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> (238</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; height: 17px; width: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Others </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: middle; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">63</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (40</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.0355%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">3</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.47929%; 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; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; width: 10.0592%; 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; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 32.9882%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">27,038</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; 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; background-color: #cceeff; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">20</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; 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; background-color: #cceeff; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">21,085</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.47929%; 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; background-color: #cceeff; width: 1.0355%; 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; height: 17px; margin: 0px; text-indent: 0px; background-color: #cceeff; width: 10.0592%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">1,292</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; background-color: #cceeff; width: 1.0355%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> <div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin: 0px 0px 0px 0.1px; font-family: 'times new roman'; font-size: 10pt; text-indent: 0px; width: 99.8349%; height: 136px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 34px; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Purchase Commodity </td><td rowspan="2" style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; height: 34px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Term </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Fair Value </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; 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; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td colspan="4" style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 21.9259%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Hedge Accounting Reserve </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 42.963%; background-color: #cceeff; height: 17px;"> Houston Ship Channel Gas </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (814</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.48148%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (814</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 9.92593%; background-color: #cceeff; height: 17px;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1.03704%; background-color: #cceeff; height: 17px;">)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"> LME Scrap </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;">29</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> (3,148</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </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: 42.963%;"> Iron Ore </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;">12</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.48148%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"> (1,274</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 42.963%;"> Electric Energy </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> (519</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> (519</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%;"> - </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%;"> </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: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> TTF Gas </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2023</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,068</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 9.92593%; 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; background-color: #cceeff; height: 17px; width: 1.48148%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,207</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; background-color: #cceeff; height: 17px; width: 9.92593%; 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; background-color: #cceeff; height: 17px; width: 1.03704%; 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; width: 42.963%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Total </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 9.92593%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (3,360</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.48148%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (7,963</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; 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; width: 1.03704%; 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; width: 9.92593%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (33</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; height: 17px; width: 1.03704%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td></tr></tbody></table></div>

6571000 1444000

-67000

-93000

-838000

1866000 -7670000

-2786000

-7430000

20783000 9092000

23935000

8258000

-269000

557000

-2490000 -1030000

-129000

404000 -246000

-11000 -55000

-242000 -130000

223000 -238000

63000 -40000

3000

27038000 20000

21085000

1292000

-814000 -33000

-814000

-33000

29000

-3148000

12000

-1274000

-519000

-2068000

-2207000

-3360000 -33000

-7963000

-33000

<table cellpadding="0" style="height: 68px; 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: 34px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 34px;"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Equity Reserve Dec-2020</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Movements 2021</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Equity Reserve Dec-2021</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Movements 2022</td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> </td><td style="padding-left: 0px; padding-right: 0px; height: 34px; margin: 0px; text-indent: 0px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Equity Reserve Dec-2022</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;"> </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: 41%; background-color: #cceeff;"> Foreign Exchange & Commodities </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;"> (4,771</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;">)</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">6,030</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">1,259</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">11,863</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; height: 17px; margin: 0px; text-indent: 0px; width: 10%; background-color: #cceeff;">13,122</td><td style="padding-left: 0px; padding-right: 0px; vertical-align: bottom; margin: 0px; text-indent: 0px; width: 1%; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Total Cash flow Hedge </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;"> (4,771</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;">)</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;"> </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;">6,030</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;"> </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;"> </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;">1,259</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;"> </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;"> </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;">11,863</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;"> </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;"> </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;">13,122</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;"> </td></tr></tbody></table>

-4771000

6030000

1259000

11863000

13122000

-4771000

6030000

1259000

11863000

13122000

26Contingencies, commitments and restrictions on the distribution of profits (i) Contingencies 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. 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. 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. The Company believes that the aggregate provisions recorded for potential losses in these Consolidated Financial Statementsare 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. Below is a 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. <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; margin: 0pt 0pt 0pt 23.78pt; orphans: 0; padding-left: 7.72pt; text-align: justify; text-indent: 0pt; widows: 0;">CSN claims relating to the January 2012 acquisition of Usiminas</li></ul> Confab, a Brazilian subsidiary of the Company, is one of the defendants in a lawsuit filed in Brazil by Companhia Siderúrgica Nacional (“CSN”) and various entities affiliated with CSN against Confab and several Ternium subsidiaries that acquired a participation in Usiminas’ control group 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 Usiminas’ ordinary shares for a price per share equal to 80% of the price per share paid in such acquisition, or BRL28.8, 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 Usiminas not belonging to Usiminas’ control group, and Confab would have a 17.9% share in that offer. <div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div>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 seeking the review and reversal of the decision issued by the Court of Appeals. On March 5, 2018, the court of appeals ruled that CSN’s appeal did not meet the requirements for submission to the Superior Court of Justice and rejected the appeal. On May 8, 2018, CSN appealed against such ruling and on January 22, 2019, the court of appeals rejected it and ordered that the case be submitted to the Superior Court of Justice. On September 10, 2019, the Superior Court of Justice declared CSN’s appeal admissible. On March 7, 2023, the Superior Court of Justice, by majority vote, rejected CSN’s appeal. Plaintiffs may still appeal against the Superior Court of Justice’s decision. At this time, the Company cannot predict whether CSN will appeal against the decision and, if appealed, the ultimate resolution of the matter. 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, two decisions issued by the Brazilian securities regulator (“CVM”) in February 2012 and December 2016, the first and second instance court decisions and the March 2023 decision of the Superior Court of Justice referred to above. <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"> Veracel celulose accident litigation</li></ul> On September 21, 2007, an accident occurred in the premises of Veracel Celulose S.A. (“Veracel”) in connection with a rupture in one of the tanks used in an evaporation system manufactured by Confab. The Veracel accident allegedly resulted in material damages to Veracel. Itaú Seguros S.A. (“Itaú”), Veracel’s insurer at the time of the Veracel accident and then replaced by Chubb Seguros Brasil S/A (“Chubb”), initiated a lawsuit against Confab seeking reimbursement of damages paid to Veracel in connection with the Veracel accident. Veracel initiated a second lawsuit against Confab seeking reimbursement of the amount paid as insurance deductible with respect to the Veracel accident and other amounts not covered by insurance. Itaú and Veracel claimed that the Veracel accident was caused by failures and defects attributable to the evaporation system manufactured by Confab. Confab believes that the Veracel accident was caused by the improper handling by Veracel’s personnel of the equipment supplied by Confab in violation of Confab’s instructions. The two lawsuits were consolidated and are considered by the 6th Civil Court of São Caetano do Sul. However, each lawsuit will be adjudicated separately. 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. On October 10, 2018, Confab was notified that the court had issued rulings for both lawsuits. Both decisions were unfavorable to Confab: <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 30.88pt; orphans: 0; padding-left: 0.62pt; text-align: justify; text-indent: 0pt; widows: 0;">With respect to Chubb’s claim, the court subsequently homologated the above-mentioned settlement and, accordingly, the claim was finalized.</li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 9pt; line-height: 12pt; margin: 0pt 0pt 0pt 30.42pt; orphans: 0; padding-left: 1.08pt; text-align: justify; text-indent: 0pt; widows: 0;">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 BRL91.9 million (approximately $17.4 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 BRL78.8 million (approximately $15.10 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.</li></ul> <div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 43.42pt; orphans: 0; text-align: justify; text-indent: -21.8pt; widows: 0;"> Petrobras-related proceedings and claims</li></ul> The Company is aware that Brazilian, Italian and Swiss authorities investigated whether certain payments were made prior to 2014 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. Upon learning of the investigation, the 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. 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, two 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 the Company's Chairman and Chief Executive Officer, on the other two 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 three 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. In June 2020, the Brazilian public prosecutors’ office requested the indictment of several individuals, including three 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 2007 and 2010, and money laundering in relation to payments between 2009 and 2013. These criminal proceedings are underway. Neither the Company nor Confab is a party to these criminal proceedings. 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 December 31, 2022, the aggregate amount of these claims was estimated at BRL284.2 million (or approximately $54.5 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. <div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; letter-spacing: -0.1pt; line-height: 12pt; list-style-position: inside; margin: 0pt 0pt 0pt 14.2pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;"> Putative class actions</li></ul> 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), two 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. 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. 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. 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. 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). On March 10, 2023, the lead plaintiffs filed a motion for preliminary approval of the class settlement. <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><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: 14.2pt; widows: 0;"> Administrative proceeding concerning Brazilian tax credits</li></ul> 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 and is currently awaiting a resolution. In case of an unfavorable resolution, Confab may appeal before the courts. The estimated amount of this claim is BRL59.2 million (approximately $11.3 million). At this stage, the Company cannot predict the outcome of this claim. <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><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: 14.2pt; widows: 0;"> U.S. patent infringement litigation</li></ul> Tenaris Coiled Tubes, LLC (“TCT”), a U.S. subsidiary of the Company, was sued in 2017 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 and the Company are analyzing whether to appeal this judgment. 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. <div style="line-height: 1.2;"><div style="border-left: none; border-right: none;"/></div><ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 23.78pt; orphans: 0; padding-left: 11.67pt; text-align: justify; text-indent: 0pt; widows: 0;">U.S. Antidumping Duty and Countervailing Duty Investigations</li></ul> On October 27, 2021, the U.S. Department of Commerce (“DOC”) announced the initiation of antidumping duty investigations of oil country tubular goods (“OCTG”) from Argentina, Mexico, and Russia and countervailing duty investigations of OCTG from Russia and South Korea. The investigations were initiated on the basis of a petition by U.S. Steel Tubular Products, Inc., a small number of other U.S. domestic welded OCTG producers, and a steelworkers’ union. On November 22, 2021, the International Trade Commission (“ITC”) made a preliminary determination of injury, allowing the investigations to proceed. Subsequently, the DOC issued affirmative preliminary and final antidumping determinations with respect to imports from Argentina, Mexico and Russia, and final affirmative countervailing duty determinations with respect to imports from Russia and from some Korean exporters. On October 27, 2022, the ITC determined that the imports under investigation caused injury to the U.S. OCTG industry, bringing the investigation phase to a conclusion. Tenaris and other parties have appealed the agency determinations from the investigation to the Court of International Trade. 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. (ii) Commitments and guarantees Set forth is a description of the Tenaris’s main outstanding commitments: <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">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, 2022, the aggregate amount to take or pay the committed volumes for an original 14-year term totaled approximately $36.4 million.</li></ul> <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">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 197 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. </li></ul> <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">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, and will remain in force for a 3-year term. As of December 31, 2022, the estimated aggregate contract amount calculated at current prices, is approximately $85.8 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.</li></ul> <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">In connection with the closing of the acquisition of IPSCO, a U.S. subsidiary of the Company entered into a 6-year master distribution agreement (the “MDA”) with PAO TMK (“TMK”) whereby, since January 2, 2020, Tenaris is the exclusive distributor of TMK’s OCTG and line pipe products in United States and Canada. At the end of the MDA’s 6-year term, TMK will 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 shall be no minimum yearly purchase requirement for the OCTG product category for the year ending December 31, 2022, and there shall be no minimum yearly purchase requirement for TMK line pipe products under the MDA neither for the contract year ending December 31, 2022, nor for any subsequent contract year until expiration of the MDA’s term.</li></ul> <div><div style="border-left: none; border-right: none;"/></div><ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">A subsidiary of the Company entered into a contract with the supplier Voestalpine Grobblech GmbH from which it committed to purchase carbon steel for a remaining amount of approximately $30.2 million to use for manufacturing pipes related to the NFXP-QatarGas project.</li></ul> <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">Certain subsidiaries of the Company entered into agreements with Vestas Group for the supply of materials and services related to the construction of a wind farm in Argentina. As of December 31, 2022, the remaining amount related to this commitment was $47.7 million.</li></ul> <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">Certain subsidiaries of the Company entered into a one-year contract, renewable for one additional year, with Ternium USA, Inc., under which they are committed to purchase on a monthly basis specified minimum volumes of steel coils. The contract is effective since March 2022, with deliveries beginning in July 2022 until June 2023. As of December 31, 2022, the aggregate commitment totaled approximately $6.3 million.</li></ul> <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">Certain subsidiaries of the Company entered into a contract with Usiminas from which they committed to purchase steel coils for a total amount of approximately $183.6 million to use for manufacturing welded pipes for the construction of the Presidente Nestor Kirchner Gas Pipeline (“GPNK”) in Argentina.</li></ul> <ul style="margin: 0pt 0pt 0pt 5pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 7.1pt; orphans: 0; text-align: justify; text-indent: 0pt; widows: 0;">A subsidiary of the Company entered into a contract with the supplier JFE Steel Corporation for the purchase tubular material, including 13 Chrome alloy products following the closure of NKKTubes. For more information see note 35“Other Information –Agreement to terminate NKKTubes joint venture”.</li></ul> In addition, Tenaris (i) applied for stand-by letters of credit as well as corporate guarantees covering certain obligations of Techgen as described in note 13 (c), (ii) issued corporate guarantees securing certain obligations of GPC, as described in note 13 (d) and (iii) issued performance guarantees mainly related to long-term commercial contracts with several customers and parent companies for approximately $3.6 billion as of December 31, 2022. (iii) Restrictions on the distribution of profits and payment of dividends 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. As of December 31, 2022, 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. 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.

0.80 28.8 182609851 0.179 3500000 91900000 17400000 78800000 15100000 53100000 25000000

284200000

54500000

0.1146

9500000 0.75

59200000

11300000

0.783 0.4493 P14Y 36400000 P25Y 0.22 P3Y 85800000 0.75 P6Y P12M 30200000 47700000 6300000 183600000 3600000000 0.05 0.10 27Cancellation of title deed in Saudi Steel Pipe Company In early 2021, the Company learned through the Saudi Ministry of Justice’s online portal that the electronic title deeds to certain land plots of its Saudi Arabian subsidiary SSPC had become inactive due to cancellation by court order. The affected land plots, with a total surface of 811,284 square meters, are located in Dammam, Saudi Arabia, and were purchased from a private entity on February 2010, pursuant to a written purchase agreement duly executed by SSPC in full compliance with the laws of the Kingdom of Saudi Arabia. The purchase of the land occurred before Tenaris’s acquisition of a 47.79% interest in SSPC in 2019. The affected plots are not part of the production facility of SSPC, have been partially used as a warehouse, and have a carrying value on Tenaris’s financial statements of $56.2 million. As of the date hereof, neither the cancellation nor the court order have been notified to SSPC or otherwise been made public by the authorities, and the legal basis for the court order is unknown. On May 4, 2021, SSPC filed a petition with an ad-hoc newly-created special committee at the Saudi Ministry of Justice, seeking to have its title deeds reinstated. The proceeding is still ongoing and, at this time, it is not possible to predict the outcome of this matter. 811284

0.4779

56200000

28Foreign exchange control measures in Argentina Beginning in September 2019, the Argentine government has imposed and continues to impose significant restrictions on foreign exchange transactions. Restrictions have tightened significantly over time. The main currently applicable measures are described below: <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Foreign currency proceeds derived from exports of goods must be sold into the Argentine foreign exchange market and converted into Argentine pesos within 60 days (if made to related parties) or 180 days (if made to unrelated parties) from shipment date, or, if collected earlier, within five days of collection. </li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Foreign currency proceeds from exports of services must be sold into the Argentine foreign exchange market and converted into Argentine pesos within five business days of collection.</li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Access to the Argentine foreign exchange market to pay for imports of services rendered by related parties (including royalties) is generally subject to Argentine Central Bank approval. Effective October 17, 2022, the Argentine Central Bank put in place a new regulation on import of services rendered by non-related parties, pursuant to which the Argentine Central Bank may clear or not the payment of import of services and, if cleared, may determine a payment term equal or different to that being requested. There are no rules on the conditions upon which the Argentine Central Bank may clear or determine alternative payment terms. Effective November 1, 2022, this new regulation replaced previous rules.</li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Access to the Argentine foreign exchange market to pay for imports of goods is subject to several restrictions. For example, advance payments or at sight cannot be made, and companies cannot access the official foreign exchange market if they hold cash or investments in excess of $100 thousand. Earlier this year, the Argentine government imposed additional limits to the amount of import payments that could be made by any single company per month or per year; companies that exceed such limits were required to obtain import financing of at least 180 days from the date of nationalization of the goods, except to the extent the goods qualify under a very limited number of exceptions, such as the import of capital goods and certain raw materials. Effective October 17, 2022, the Argentine government implemented a new system, known as the SIRA system, pursuant to which the Argentine government may clear or not the payment of imports and, if cleared, may determine a payment term equal or different to that being requested. There are no objective conditions upon which the Argentine government may clear the payment of imports or determine alternative payment terms under the SIRA system. The exceptions for the import of capital goods and certain raw materials, including many of those used by the Company’s Argentine subsidiaries, still exist under the SIRA system. </li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Negotiations with the Argentine authorities to raise the foregoing limits and/or expand the list of exceptions to obtain access to foreign currency to pay for import of goods (including raw materials to manufacture goods in Argentina) are ongoing. </li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Access to the Argentine foreign exchange market to pay debt service (principal and interest) for financial debts with related parties requires prior Argentine Central Bank approval, unless the loan proceeds are sold in the Argentine foreign exchange market and converted into Argentine pesos after October 2, 2020, and such debts carry an average life of no less than 2 years.</li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Debts with foreign creditors larger than $2 million maturing on or before December 31, 2023, need to be refinanced in at least 60% of outstanding principal and for a minimum period of 2 years.</li></ul> <ul style="margin: 0pt; padding-left: 0pt; list-style-type: square;"><li style="font-family: Wingdings; font-size: 10pt; line-height: 12pt; margin: 0pt 0pt 0pt 27.58pt; orphans: 0; padding-left: 8.42pt; text-align: justify; text-indent: 0pt; widows: 0;">Access to the Argentine foreign exchange market to make dividend payments requires prior Argentine Central Bank approval.</li></ul> When required, Argentine Central Bank approvals are rarely, if ever, granted. Tenaris’s financial position in Argentine peso as of December 31, 2022, amounted to a net short exposure of approximately $127 million. As of December 31, 2022, the total equity of Argentine subsidiaries represented approximately 10.6% of Tenaris’s total equity and the sales performed by Argentine subsidiaries during the year ended on December 31, 2022, amounted approximately to 20% of Tenaris’s total sales. Assets and liabilities denominated in Argentine peso as of December 31, 2022, have been valued at the prevailing official exchange rates. <div><div style="border-right: none; border-left: none;"/></div>Management continues to monitor closely the evolution of the main variables affecting its business, identifying the potential impact thereof on its financial and economic situation and determining the appropriate course of action in each case. The Company’s Consolidated Financial Statements should be read taking into account these circumstances. This context of volatility and uncertainty remains in place as of the issue date of these Consolidated Financial Statements. If restrictions to access the official foreign exchange market continue to be maintained, or are further tightened, our Argentine subsidiaries could be restricted from making payment of imports for key steelmaking inputs (which would adversely affect their operations), or would need to resort to alternative, more expensive arrangements (which would adversely affect their results of operations). On August 19, 2022, the Board of Directors of Siderca S.A.I.C., an Argentine subsidiary of the Company, approved the distribution of a dividend in kind of approximately ARS7,394 million paid in Argentine sovereign bonds, which in the Argentine market had a valuation of approximately $54.4 million. Considering that, as a result of the foreign exchange restrictions described above, the value of such bonds in the international market was approximately $24.6 million, the Company recorded a loss of approximately $29.8 million in Other Financial Results. -127000000 0.106

0.20

7394000000 54400000 24600000 29800000

29Cash flow disclosures <div id="t_ft_IA54ID5RCG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 325px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="7" 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;"> Year ended December 31, </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;"> </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;">2021</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;"> </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;"> </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;">2020</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;"> </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;"> </td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> (i) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">Changes in working capital (*)</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Inventories </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (1,329,865</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (1,085,024</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">818,913</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Receivables and prepayments and current tax assets </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> (155,449</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (79,912</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">67,610</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Trade receivables </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (1,208,278</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (356,069</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">414,826</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Other liabilities </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">57,389</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">4,892</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (36,000</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Customer advances </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">151,066</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">44,661</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (29,253</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Trade payables </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">353,892</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">399,988</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (180,807</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> (2,131,245</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 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;"> (1,071,464</td><td style="padding: 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;">)</td><td style="padding: 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;"> </td><td style="padding: 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;">1,055,289</td><td style="padding: 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;"> </td><td style="padding: 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;"> </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;"> (ii) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Income tax accruals less payments </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; 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: 6%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 61%; height: 17px;"> Tax accrued </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 10%; height: 17px;">617,236</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;">189,448</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;">23,150</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Taxes paid </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> (359,585</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (153,846</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (140,364</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;">257,651</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 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;">35,602</td><td style="padding: 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;"> </td><td style="padding: 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;"> </td><td style="padding: 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;"> (117,214</td><td style="padding: 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;">)</td><td style="padding: 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;"> </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;"> (iii) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Interest accruals less payments, net </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest accrued </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (34,080</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (14,371</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">8,627</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Interest received </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">68,335</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">24,567</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">19,613</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest paid </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (32,775</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (21,559</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (28,778</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;">1,480</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 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; background-color: #cceeff;"> (11,363</td><td style="padding: 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; background-color: #cceeff;">)</td><td style="padding: 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; background-color: #cceeff;"> </td><td style="padding: 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; background-color: #cceeff;"> (538</td><td style="padding: 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; background-color: #cceeff;">)</td><td style="padding: 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; background-color: #cceeff;"> </td></tr></tbody></table></div> (*) 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.

<div id="t_ft_IA54ID5RCG00000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0pt; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 325px;" width="100%"><tbody><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="7" 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;"> Year ended December 31, </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;"> </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;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;">2021</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;"> </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;"> </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;">2020</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;"> </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;"> </td></tr><tr style="height: 19px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> (i) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;">Changes in working capital (*)</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 19px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Inventories </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (1,329,865</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (1,085,024</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">818,913</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Receivables and prepayments and current tax assets </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> (155,449</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (79,912</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">67,610</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Trade receivables </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (1,208,278</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (356,069</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">414,826</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Other liabilities </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">57,389</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">4,892</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (36,000</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Customer advances </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">151,066</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">44,661</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (29,253</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Trade payables </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">353,892</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">399,988</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (180,807</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> (2,131,245</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 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;"> (1,071,464</td><td style="padding: 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;">)</td><td style="padding: 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;"> </td><td style="padding: 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;">1,055,289</td><td style="padding: 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;"> </td><td style="padding: 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;"> </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;"> (ii) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Income tax accruals less payments </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; 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: 6%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 61%; height: 17px;"> Tax accrued </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 10%; height: 17px;">617,236</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;">189,448</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 10%; height: 17px;">23,150</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Taxes paid </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> (359,585</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (153,846</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (140,364</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;">257,651</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 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;">35,602</td><td style="padding: 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;"> </td><td style="padding: 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;"> </td><td style="padding: 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;"> (117,214</td><td style="padding: 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;">)</td><td style="padding: 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;"> </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;"> (iii) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Interest accruals less payments, net </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest accrued </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (34,080</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (14,371</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">8,627</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Interest received </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;">68,335</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">24,567</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">19,613</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Interest paid </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> (32,775</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (21,559</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> (28,778</td><td style="padding: 0px; vertical-align: bottom; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;">1,480</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; 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;"> </td><td style="padding: 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; background-color: #cceeff;"> (11,363</td><td style="padding: 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; background-color: #cceeff;">)</td><td style="padding: 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; background-color: #cceeff;"> </td><td style="padding: 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; background-color: #cceeff;"> (538</td><td style="padding: 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; background-color: #cceeff;">)</td><td style="padding: 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; background-color: #cceeff;"> </td></tr></tbody></table></div> (*) 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.

-1329865000

-1085024000

818913000

-155449000 -79912000 67610000

-1208278000

-356069000

414826000

57389000

4892000

-36000000

151066000

44661000

-29253000

353892000

399988000

-180807000

2131245000

1071464000

-1055289000

617236000 189448000 23150000

359585000

153846000

140364000

257651000

35602000

-117214000

34080000 14371000 -8627000

68335000

24567000

19613000

32775000

21559000

28778000

-1480000

11363000

538000

30Related party transactions As of December 31, 2022: <div id="t_ft_NZOC5X6TN400000000000000000000b"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; height: 82px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr style="height: 24px;"><td style="width: 3%; height: 24px; text-align: left; padding: 0px; vertical-align: top;" valign="top">■</td><td style="width: 97%; height: 24px;">San Faustin owned 713,605,187 shares in the Company, representing 60.45% of the Company’s capital and voting rights.</td></tr><tr style="height: 24px;"><td style="height: 24px; text-align: left; padding: 0px; vertical-align: top;" valign="top">■</td><td style="height: 24px;"> San Faustin owned all of its shares in the Company through its wholly-owned subsidiary Techint Holdings S.àr.l., a Luxembourg société à responsabilité limitée (“Techint”), who is the holder of record of the above-mentioned Tenaris shares. </td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: left; padding: 0px; vertical-align: top;" valign="top">■</td><td style="height: 17px;"> 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. </td></tr><tr style="height: 17px;"><td style="height: 17px; text-align: left; padding: 0px; vertical-align: top;" valign="top">■</td><td style="height: 17px;"><span style="font-family: 'times new roman', times; 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: -27.6667px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; 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.</td></tr></tbody></table></div> Based on the information most recently available to the Company, Tenaris’s directors and senior management as a group owned 0.07% of the Company’s outstanding shares. <div><div id="t_ft_486O6RN0Y800000000000000000000b"/></div>Transactions and balances disclosed as with “non-consolidated parties” are those with companies over which Tenaris exerts significant influence or joint control in accordance with IFRS, but does not have control. All other transactions and balances with related parties which are not non-consolidated parties and which are not consolidated are disclosed as “Other”. The following transactions were carried out with related parties: <div id="t_ft_IWTPTYPKWW00000000000000000000b"><table cellpadding="0" style="height: 238px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="5" style="background-color: #ffffff; 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;"> Year ended December 31, </td><td style="background-color: #ffffff; 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;"> </td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> (i) </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Transactions </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; 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;">2021</td><td style="background-color: #ffffff; 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;"> </td><td style="background-color: #ffffff; 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;">2020</td><td style="background-color: #ffffff; 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;"> </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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (a) Sales of goods and services </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; margin-left: 0.1px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Sales of goods to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;">100,019</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">71,879</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">20,183</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Sales of goods to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;">151,884</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">76,467</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">18,243</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Sales of services to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;">5,407</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">4,161</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">5,829</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Sales of services to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">109,123</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">49,268</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">5,049</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">366,433</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">201,775</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">49,304</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (b) Purchases of goods and services </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 6%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62.5%;"> Purchases of goods to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 10%;">656,877</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">294,929</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">84,485</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Purchases of goods to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;">51,040</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">32,453</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">12,892</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Purchases of services to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;">13,759</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">9,763</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">6,979</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Purchases of services to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">36,767</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">13,806</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">18,133</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">758,443</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">350,951</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">122,489</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> <div id="t_ft_T893XNVSR400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> </td><td colspan="4" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 22.2017%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> At December 31, </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> (ii) </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Period-end balances </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> (a) Arising from sales / purchases of goods / services </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Receivables from non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;">69,135</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;">66,896</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> Receivables from other related parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;">78,370</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;">33,122</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Payables to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"> (142,228</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"> (45,092</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> Payables to other related parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (13,283</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (2,125</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (8,006</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">52,801</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> (b) Financial debt </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Finance lease liabilities from non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"> (1,650</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"> (1,936</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; 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: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> Finance lease liabilities from other related parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (483</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (624</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,133</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,560</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> In addition to the tables above, the Company issued various guarantees in favor of Techgen and GPC; for further details, please see note 13 (c and d) and note 26 (ii) to these Consolidated Financial Statements. No other material guarantees were issued in favor of other related parties. Directors and senior management compensation During the years ended December 31, 2022, 2021 and 2020, the cash compensation of Directors and Senior managers amounted to $35.2 million, $37.7 million and $27.4 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 437, 382 and 522 thousand units for a total amount of $5.1 million, $3.9 million and $5 million respectively in connection with the Employee retention and long-term incentive program mentioned in note II.P.3 “Employee benefits – Other long-term benefits” to these Consolidated Financial Statements.

713605187

0.6045 0.0007

<div id="t_ft_IWTPTYPKWW00000000000000000000b"><table cellpadding="0" style="height: 238px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td colspan="5" style="background-color: #ffffff; 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;"> Year ended December 31, </td><td style="background-color: #ffffff; 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;"> </td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> (i) </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> Transactions </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; 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;">2021</td><td style="background-color: #ffffff; 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;"> </td><td style="background-color: #ffffff; 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;">2020</td><td style="background-color: #ffffff; 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;"> </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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (a) Sales of goods and services </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; margin-left: 0.1px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Sales of goods to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;">100,019</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">71,879</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">20,183</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Sales of goods to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;">151,884</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">76,467</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">18,243</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Sales of services to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;">5,407</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">4,161</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">5,829</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Sales of services to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">109,123</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">49,268</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">5,049</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">366,433</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">201,775</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">49,304</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> (b) Purchases of goods and services </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 6%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 62.5%;"> Purchases of goods to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 10%;">656,877</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">294,929</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 10%;">84,485</td><td style="padding: 0px; vertical-align: bottom; width: 0.5%; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Purchases of goods to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; background-color: #cceeff;">51,040</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">32,453</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;">12,892</td><td style="padding: 0px; vertical-align: bottom; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> Purchases of services to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px;">13,759</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">9,763</td><td style="padding: 0px; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px;">6,979</td><td style="padding: 0px; vertical-align: bottom; 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;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; background-color: #cceeff;"> Purchases of services to other related parties </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">36,767</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">13,806</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">18,133</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">758,443</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">350,951</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">122,489</td><td style="padding: 0px; vertical-align: bottom; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div> <div id="t_ft_T893XNVSR400000000000000000000b"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%; height: 204px;" width="100%"><tbody><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> </td><td colspan="4" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 22.2017%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> At December 31, </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px;"><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> (ii) </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Period-end balances </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> (a) Arising from sales / purchases of goods / services </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Receivables from non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;">69,135</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;">66,896</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> Receivables from other related parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;">78,370</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;">33,122</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Payables to non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"> (142,228</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"> (45,092</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> Payables to other related parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (13,283</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (2,125</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (8,006</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">52,801</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> (b) Financial debt </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> Finance lease liabilities from non-consolidated parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px;"> (1,650</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px;"> (1,936</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; 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: 5.82794%; height: 17px; background-color: #cceeff;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px; background-color: #cceeff;"> Finance lease liabilities from other related parties </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (483</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> (624</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 5.82794%; height: 17px;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 68.9177%; height: 17px;"> </td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,133</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; margin-left: 0.1px; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; width: 9.71323%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> (2,560</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">)</td><td style="padding: 0px; vertical-align: bottom; width: 1.3876%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table></div>

100019000

71879000

20183000

151884000

76467000

18243000

5407000

4161000

5829000

109123000

49268000

5049000

366433000 201775000 49304000

656877000

294929000

84485000

51040000

32453000

12892000

13759000

9763000

6979000

36767000

13806000

18133000

758443000 350951000 122489000

69135000

66896000

78370000

33122000

142228000

45092000

13283000

2125000

-8006000 52801000 -1650000 -1936000 -483000 -624000 -2133000 -2560000

35200000

37700000

27400000

437000 382000 522000

5100000

3900000

5000000

<table cellpadding="0" style="height: 122px; border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; width: 100%;" width="100%"><tbody><tr style="height: 20px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 20px; width: 64.8036%;"> </td><td colspan="5" style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 31.4955%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> Year ended December 31, </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 20px; width: 1.13293%; 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; width: 64.8036%;"> </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; background-color: #ffffff; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; background-color: #ffffff; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td><td style="background-color: #ffffff; padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 64.8036%; background-color: #cceeff;"> Audit fees </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;">3,966</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;">3,804</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;">3,781</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"> Audit-related fees </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%;">255</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;">220</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%;">134</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%;"> </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: 64.8036%; background-color: #cceeff;"> Tax fees </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff;"> - </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; width: 1.13293%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;"> - </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff;">102</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; width: 1.13293%; height: 17px; background-color: #cceeff;"> </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: top; height: 17px; width: 64.8036%;"> All other fees </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">11</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">5</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> - </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </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: 64.8036%; background-color: #cceeff;"> Total </td><td style="padding: 0px; vertical-align: bottom; height: 17px; margin-left: 0.1px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,232</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; margin-left: 0.1px; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,029</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td><td style="padding: 0px; vertical-align: bottom; height: 17px; width: 9.7432%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">4,017</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: bottom; height: 17px; width: 1.13293%; background-color: #cceeff; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;"> </td></tr></tbody></table>

3966000

3804000

3781000

255000 220000 134000

102000

11000

5000

4232000

4029000

4017000

32Principal subsidiaries 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, 2022. <div style="border-right: none; border-left: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; background-color: #ffffff; width: 100%; height: 442px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 33.36%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Company </td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12.5%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Country of Incorporation </td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 27.84%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Main activity </td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 26.32%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Percentage of ownership at December 31, (*)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> ALGOMA TUBES INC. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Canada </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> CONFAB INDUSTRIAL S.A. and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Brazil </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of welded steel pipes and capital goods </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> DALMINE S.p.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Italy </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> HYDRIL COMPANY and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacture and marketing of premium connections </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> IPSCO TUBULARS INC. and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> MAVERICK TUBE CORPORATION and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> P.T. SEAMLESS PIPE INDONESIA JAYA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Indonesia </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of seamless steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">89% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">89% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">89% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> S.C. SILCOTUB S.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Romania </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> SAUDI STEEL PIPE CO. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Saudi Arabia </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">48% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">48% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">48% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> SIAT SOCIEDAD ANONIMA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Argentina </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of welded steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Argentina </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Portugal </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Holding Company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS BAY CITY, INC. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS CONNECTIONS BV </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Netherlands </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Development, management and licensing of intellectual property </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS FINANCIAL SERVICES S.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Uruguay </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Financial company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS GLOBAL SERVICES (CANADA) INC. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Canada </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Marketing of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Marketing of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS GLOBAL SERVICES (UK) LTD </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> United Kingdom </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Holding company and marketing of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Uruguay </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Holding company, marketing and distribution of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS INVESTMENTS (NL) B.V. and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Netherlands </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Holding company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS INVESTMENTS S.àr.l. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Luxembourg </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Holding company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS QINGDAO STEEL PIPES LTD. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> China </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Processing of premium joints, couplings and automotive components </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS TUBOCARIBE LTDA. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Colombia </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TUBOS DE ACERO DE MEXICO, S.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Mexico </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr></tbody></table></div></div> <div style="border-left: none; border-right: none;"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 51px;"><tbody><tr style="height: 17px;"><td style="width: 3%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</td><td style="width: 97%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All percentages rounded.</td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top">Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> holds 51% of NKKTubes<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top">Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> holds 98.4% of Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Supply Chain S.A. and 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of Amaja<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Tubular Services Limited and 60% of Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Baogang<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Baotou<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Steel Pipes Ltd, and until 2021 held 49% of Tubular Services Angola Lda.</td></tr></tbody></table></div>

<div style="border-right: none; border-left: none;"><div style="border-left: none; border-right: none;"><table cellpadding="0" style="border-collapse: collapse; margin-left: 0px; font-family: 'times new roman'; font-size: 10pt; background-color: #ffffff; width: 100%; height: 442px;" width="100%"><tbody><tr style="height: 17px;"><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 33.36%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Company </td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 12.5%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Country of Incorporation </td><td rowspan="2" style="padding-left: 5.4pt; padding-right: 5.4pt; width: 27.84%; height: 34px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom"> Main activity </td><td colspan="3" style="padding-left: 5.4pt; padding-right: 5.4pt; height: 17px; width: 26.32%; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important; vertical-align: bottom;" valign="bottom">Percentage of ownership at December 31, (*)</td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; background-color: #ffffff; margin-left: 0.1px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2022</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2021</td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: #000000 !important;">2020</td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> ALGOMA TUBES INC. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Canada </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> CONFAB INDUSTRIAL S.A. and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Brazil </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of welded steel pipes and capital goods </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> DALMINE S.p.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Italy </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> HYDRIL COMPANY and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacture and marketing of premium connections </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> IPSCO TUBULARS INC. and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> MAVERICK TUBE CORPORATION and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> P.T. SEAMLESS PIPE INDONESIA JAYA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Indonesia </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of seamless steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">89% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">89% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">89% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> S.C. SILCOTUB S.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Romania </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> SAUDI STEEL PIPE CO. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Saudi Arabia </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">48% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">48% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">48% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> SIAT SOCIEDAD ANONIMA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Argentina </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of welded steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> SIDERCA SOCIEDAD ANONIMA INDUSTRIAL Y COMERCIAL and subsidiaries (a) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Argentina </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TALTA - TRADING E MARKETING SOCIEDADE UNIPESSOAL LDA. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Portugal </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Holding Company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS BAY CITY, INC. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS CONNECTIONS BV </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Netherlands </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Development, management and licensing of intellectual property </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS FINANCIAL SERVICES S.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Uruguay </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Financial company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS GLOBAL SERVICES (CANADA) INC. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Canada </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Marketing of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS GLOBAL SERVICES (U.S.A.) CORPORATION </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> USA </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Marketing of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS GLOBAL SERVICES (UK) LTD </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> United Kingdom </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Holding company and marketing of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS GLOBAL SERVICES S.A. and subsidiaries (except detailed) (b) </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Uruguay </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Holding company, marketing and distribution of steel products </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS INVESTMENTS (NL) B.V. and subsidiaries </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Netherlands </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Holding company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS INVESTMENTS S.àr.l. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Luxembourg </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Holding company </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TENARIS QINGDAO STEEL PIPES LTD. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> China </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Processing of premium joints, couplings and automotive components </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr><tr style="height: 17px; background-color: #cceeff;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px; background-color: #cceeff;"> TENARIS TUBOCARIBE LTDA. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px; background-color: #cceeff;"> Colombia </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px; background-color: #cceeff;"> Manufacturing of welded and seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px; background-color: #cceeff;">100% </td></tr><tr style="height: 17px;"><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 33.36%; height: 17px;"> TUBOS DE ACERO DE MEXICO, S.A. </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 12.5%; height: 17px;"> Mexico </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 27.84%; height: 17px;"> Manufacturing of seamless steel pipes </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.76%; height: 17px; margin-left: 0.1px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td><td style="padding-left: 5.4pt; padding-right: 5.4pt; vertical-align: middle; width: 8.78%; height: 17px;">100% </td></tr></tbody></table></div></div> <div style="border-left: none; border-right: none;"><table style="width: 100%; margin-left: 0.1px; border-collapse: collapse; font-family: 'times new roman'; font-size: 10pt; height: 51px;"><tbody><tr style="height: 17px;"><td style="width: 3%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(*)</td><td style="width: 97%; vertical-align: top; height: 17px; border-top-width: 1px; border-top-style: solid; border-top-color: #000000 !important;" valign="top"><span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">All percentages rounded.</td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(a)</td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top">Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> holds 51% of NKKTubes<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">.</td></tr><tr style="height: 17px;"><td style="vertical-align: top; width: 3%; height: 17px;" valign="top"><span style="font-family: 'times new roman', times; font-size: 9pt; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;">(b)</td><td style="vertical-align: top; width: 97%; height: 17px;" valign="top">Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> holds 98.4% of Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Supply Chain S.A. and 40% of Tubular Technical Services Ltd. and Pipe Coaters Nigeria Ltd., 49% of Amaja<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Tubular Services Limited and 60% of Tenaris<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Baogang<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Baotou<span style="font-family: 'times new roman', times; 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; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; float: none; display: inline !important;"> Steel Pipes Ltd, and until 2021 held 49% of Tubular Services Angola Lda.</td></tr></tbody></table></div>

0.89

0.48

0.51

0.984

0.40

0.49

0.60

0.49

4100000

34Nationalization of Venezuelan subsidiaries In May 2009, within the framework of Decree Law 6058, Venezuela’s President announced the nationalization of, among other companies, the Company's majority-owned subsidiaries TAVSA - Tubos de Acero de Venezuela S.A. (“Tavsa”) and, Matesi Materiales Siderúrgicos S.A (“Matesi”), and Complejo Siderúrgico de Guayana, C.A (“Comsigua”), in which the Company has a non-controlling interest (collectively, the “Venezuelan Companies”). Tenaris and its wholly-owned subsidiary, Talta - Trading e Marketing Sociedad Unipessoal Lda (“Talta”), initiated arbitration proceedings against Venezuela before the ICSID in Washington D.C. in connection with these nationalizations and obtained favorable awards, which are final and not subject to further appeals. Matesi On January 29, 2016, the tribunal released its award on the arbitration proceeding concerning the nationalization of Matesi. The award upheld Tenaris’s and Talta’s claim that Venezuela had expropriated their investments in Matesi in violation of Venezuelan law as well as the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $87.3 million for the breaches and ordered Venezuela to pay an additional amount of $85.5 million in pre-award interest, aggregating to a total award of $173 million (including $0.2 million of legal fees), payable in full and net of any applicable Venezuelan tax, duty or charge. The tribunal granted Venezuela a grace period of six months from the date of the award to make payment in full of the amount due without incurring post-award interest, and resolved that if no, or no full, payment is made by then, post-award interest will apply at the rate of 9% per annum compounded at six-monthly rests from the date of the award until payment in full. As of December 31, 2022, post-award interest calculated at the award rate amounted to approximately $144.7 million and, accordingly, the total amount owed by Venezuela under the award as of December 31, 2022 was $317.7 million. <div/>On June 8, 2018, Tenaris and Talta filed an action in federal court in the District of Columbia to recognize and enforce the award in the United States. On July 17, 2020, the Court entered judgment recognizing the Matesi award. The judgment orders Venezuela to pay to Tenaris and Talta an amount of $256.4 million, including principal and post-award interest through the judgment date, and provides for post-judgment interest to accrue on this sum at the U.S. federal statutory rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $0.9 million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $257.3 million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department’s Office of Foreign Assets Control currently in effect. Tavsa and Comsigua On December 12, 2016, the tribunal issued its award upholding Tenaris’s and Talta’s claim that Venezuela had expropriated their investments in Tavsa and Comsigua in violation of the bilateral investment treaties entered into by Venezuela with the Belgium-Luxembourg Economic Union and Portugal. The award granted compensation in the amount of $137 million and ordered Venezuela to pay an additional amount of $76 million in pre-award interest and to reimburse Tenaris and Talta $3.3 million in legal fees and ICSID administrative costs. In addition, Venezuela was ordered to pay interest from April 30, 2008 until the day of effective payment at a rate equivalent to LIBOR + 4% per annum. As of December 31, 2022, post-award interest calculated at the award rate amounted to approximately $85.1 million and, accordingly, the total amount owed by Venezuela under the award as of December 31, 2022 was $301.4 million. On June 8, 2018, Tenaris and Talta filed an action in federal court in the District of Columbia to recognize and enforce the award in the United States. On August 24, 2021, the court entered judgment in favor of Tenaris and Talta and against Venezuela in the amount of $276.9 million, with post-judgment interest accruing from the date of judgment at the federal statutory post-judgment interest rate. On November 5, 2021, the court, in response to a motion by Tenaris and Talta, amended the judgment amount to $280.7 million, with post-judgment interest continuing to accrue from August 24, 2021 at the federal statutory post-judgment interest rate. As of December 31, 2022, post-judgement interest calculated at the U.S. judgment rate amounted to approximately $0.2 million and, accordingly, the total amount owed by Venezuela under the U.S. judgment as of December 31, 2022 was $280.9 million. The U.S. judgment, however, may not be enforced in the United States to the extent prohibited by the Venezuelan sanctions regulations issued by the U.S. Treasury Department’s Office of Foreign Assets Control currently in effect. Transfer of the Awards and Judgements On January 25, 2023, Tenaris and Talta entered into an awards purchase agreement with an unaffiliated purchaser pursuant to which Tenaris and Talta agreed to sell all of their rights, title and interests in the above-referenced claims, awards and judgements, including all post-award or post-judgement interest accruing on the awards and judgements, for a purchase price of $81 million, plus a non-refundable signing payment of $1 million as reimbursement of expenses. The transfer of the awards and judgements is subject to the Office of Foreign Assets Control (“OFAC”) approval, and according to the agreement must be obtained by February 25, 2024. The uncertainty associated with the OFAC approval is factored into the fair value determination of the related receivable. See note III.B. 87300000 85500000 173000000 200000 P6M 0.09 144700000 317700000 256400000 900000 257300000 137000000 76000000 3300000 LIBOR 0.04 85100000 301400000 276900000 280700000 200000 280900000 81000000 1000000 35Other relevant information Agreement to terminate NKKTubes joint venture Tenaris’s seamless pipe manufacturing facility in Japan, located in the Keihin steel complex owned by JFE Holdings Inc. (“JFE”), is operated by NKKTubes, a company owned 51% by Tenaris and 49% by JFE. Steel bars and other essential inputs and services for NKKTubes are supplied under a long-term agreement by JFE. On March 27, 2020, JFE informed Tenaris of its decision to permanently cease as from JFE’s fiscal year ending March 2024 the operations of its steel manufacturing facilities located at the Keihin complex. In light of that development, Tenaris and JFE engaged in discussions and ultimately determined that the project was no longer economically sustainable. Accordingly, on November 2, 2021, Tenaris and JFE agreed to terminate amicably their joint venture and liquidate NKKTubes, and on November 2, 2022, entered into a definitive wrap-up agreement. Under these agreements: a)NKKTubes’ manufacturing and production operations were closed by June 30, 2022; b)the lease agreement of the Keihin steel complex between JFE and NKKTubes was terminated as of September 30, 2022; c)all tangible fixed assets owned by NKKTubes and placed in the Keihin steel complex were either purchased by JFE or removed and disposed of; d)NKKTubes started its liquidation process on November 30, 2022; e)all agreements that allowed the operation of the joint venture will terminate progressively in accordance with NKKTubes’ operational needs until liquidation is accomplished; f)all agreements with local Japanese customers and subcontractors were terminated; g)the intangible assets belonging to NKKTubes will be allocated between the parties based on agreements still under negotiation; and h)all related dissolution and liquidation costs were allocated between the parties. In July, 2022, Tenaris and JFE entered into an agreement for the provision of tubular material, including 13 Chrome alloy products, thereby ensuring a continued supply of such products to international customers after NKKTubes’ closure. Management determined that the parties’ decision to terminate the NKKTubes joint venture constituted an impairment indicator, conducted an impairment test, and as of December 2021, recognized a charge of approximately $57 million, impacting NKKTubes’ property, plant and equipment and intangible assets. During 2022, as result of NKKTubes’ closure, the currency translation adjustment reserve belonging to the shareholders was reclassified to the income statement for an amount of $71.2 million. As of December 31, 2022, the net non-controlling interests’ reserve amounts to approximately $13.2 million. This balance will be reclassified through the Company’s results in the period when the final liquidation of NKKTubes occurs. Agreement for acquisition of Benteler Steel & Tube Manufacturing Corporation On July 7, 2022, the Company entered into a definitive agreement to acquire from Benteler North America Corporation, a Benteler Group company, 100% of the shares of Benteler Steel & Tube Manufacturing Corporation, a U.S. producer of seamless steel pipes. The agreement provided that either party could unilaterally terminate the agreement in case that the conditions precedent to closing had not been satisfied by January 3, 2023. On February 5, 2023, Tenaris announced that Benteler North America Corporation had exercised its right to unilaterally terminate, effective immediately, the acquisition agreement and, accordingly, the transaction will not proceed.

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0.34 0.68 401000000 <div style="font-family: 'times new roman', times;">39Update as of March 31, 20231 Contingencies, commitments and restrictions on the distribution of profits updates </div>Information contained in note 26“Contingencies, commitments and restrictions on the distribution of profits” was amended reflecting the latest updates on the following cases: “CSN claims relating to the January 2012 acquisition of Usiminas”, “Putative class actions” and “U.S. patent infringement litigation”. Tenaris to Increase its participation in Usiminas control groupOn March 30, 2023, the Company’s subsidiary, Confab, together with Tenaris’s affiliates Ternium Investments and Ternium Argentina, all of which compose the T/T Group within Usiminas control group, entered into a share purchase agreement to acquire from the NSC Group, pro rata to their current participations in the T/T Group, 68.7 million ordinary shares of Usiminas at a price of BRL10 (approximately $1.9) per ordinary share. Pursuant to the transaction, Tenaris would pay approximately BRL 110 million (approximately $21 million) in cash for 11 million ordinary shares, increasing its participation in the Usiminas control group to 9.8%. Upon the closing of this transaction, the T/T Group will hold an aggregate participation of 61.3% in the control group, with the NSC Group and Previdência Usiminas (Usiminas employees’ pension fund) holding 31.7% and 7.1%, respectively. The transaction is subject to approval by Brazil’s antitrust authorities and will be financed with cash on hand. The Company will continue having significant influence over Usiminas and consequently will continue accounting for its investment under the equity method. At closing, the existing Usiminas shareholders agreement will be replaced by a new shareholders agreement setting forth a new governance structure for Usiminas. The T/T Group will nominate a majority of the Usiminas board of directors, the chief executive officer and four other members of the Usiminas board of officers. Of the positions allocated to the T/T group, Tenaris will retain the right to nominate one member of the Usiminas board of directors and one members of the Usiminas board of officers. Ordinary decisions may be approved with a 55% majority of Usiminas’ control group shares. 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 Usiminas 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 to participate in each such transaction pro rata to its current participation in the T/T group. The Company will account for the transaction if and when the conditions precedent to closing are satisfied and the acquisition is completed.<div style="font-size: 10pt; font-family: 'times new roman', times;"><div id="t_ft_Q63TRPUERK00000000000000000000b"><table style="width: 100%; margin-left: 0.1px; font-family: 'times new roman'; font-size: 10pt;"><tbody><tr><td style="width: 19.5968%; border-bottom-width: 1pt; border-bottom-style: solid; border-bottom-color: #000000;"> </td><td style="width: 80.4032%;"> </td></tr></tbody></table></div></div><div style="font-size: 10pt; font-family: 'times new roman', times;">1This note was added subsequently to the approval of these Consolidated Financial Statements by the Company’s Board of Directors on February 15, 2023.</div> 68700000 10 1.9 110000000 21000000 11000000 0.098 0.613 0.317 0.071 4 1 1 0.55 153100000 10 40 40 10 Includes balances related to interest in Venezuelan companies. See note 34 to these Consolidated Financial Statements. 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 for an amount of $4.2 million for 2022, $25.6 million for 2021 and $3.8 million for 2020. The Company has an authorized share capital of a single class of 2.5 billion shares having a nominal value of $1.00 per share. As of December 31, 2022 there were 1,180,536,830 shares issued. All issued shares are fully paid. Other reserves include mainly the result of transactions with non-controlling interests that do not result in a loss of control, the remeasurement of post-employment benefit obligations, the changes in value of cash flow hedges and the changes in financial instruments measured at fair value through other comprehensive income. For the year ended December 2022, 2021 and 2020, labor cost includes approximately $17.8 million, $12.8 million and $81.3 million respectively of severance indemnities related to the adjustment of the workforce to market conditions. Includes balances related to interest in Venezuelan companies. See note 34 to these Consolidated Financial Statements. Related to NKKTubes’ cease of operations. For more information see note 35 “Other Information – Agreement to terminate NKKTubes joint venture”. Each ADS equals two shares.