Annual Report 2005 - Tenaris
Annual Report 2005 - Tenaris
Annual Report 2005 - Tenaris
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Statement of changes<br />
in financial position<br />
54. <strong>Tenaris</strong>Confab<br />
ORIGINS OF FUNDS<br />
OPERATIONS<br />
Net earnings for year<br />
Expenses (revenues) not affecting working capital<br />
Depreciation and amortization<br />
Residual value of permanent asset disposal<br />
Equity in results of subsidiary and associated companies<br />
Exchange differences and monetary correction on long term liabilities<br />
Change in minority interests<br />
Amortization of deferred assets<br />
Amortization of goodwill on investments<br />
Provision for losses on investments<br />
Contingencies provision<br />
Exchange variation in investment in associated company abroad<br />
THIRD PARTIES<br />
Loans raised<br />
Dividends in subsidiary and associated companies<br />
Reduction in long term receivables<br />
Total funds provided<br />
The management's explanatory notes are an integral part of the financial statements<br />
<strong>2005</strong><br />
277,013<br />
25,140<br />
673<br />
(18,322)<br />
3,095<br />
–<br />
–<br />
182<br />
325<br />
23,389<br />
–<br />
311,495<br />
–<br />
1,331<br />
–<br />
312,826<br />
Parent company<br />
2004<br />
17,519<br />
23,798<br />
12,517<br />
12,144<br />
(465)<br />
–<br />
7,794<br />
198<br />
–<br />
6,078<br />
–<br />
79,583<br />
47,604<br />
1,039<br />
23,199<br />
151,425<br />
<strong>2005</strong><br />
277,013<br />
29,076<br />
687<br />
(777)<br />
3,401<br />
7,700<br />
462<br />
182<br />
393<br />
23,837<br />
(2,395)<br />
339,579<br />
–<br />
–<br />
–<br />
339,579<br />
Consolidated<br />
2004<br />
17,519<br />
26,504<br />
12,523<br />
6,146<br />
(212)<br />
4,665<br />
7,995<br />
198<br />
–<br />
6,879<br />
(1,988)<br />
80,229<br />
47,604<br />
–<br />
14,309<br />
142,142
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