Balances and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2017

Balances and Transactions with Associates and Joint Ventures

The information detailed in the tables below shows the balances with associates and joint ventures as of December 31, 2017, 2016, and 2015 and transactions with the mentioned parties for the years ended on such dates.


	2017						2016						2015
	Other receivables		Trade receivables		Accounts payable		Other receivables		Trade receivables		Accounts payable		Other receivables		Trade receivables		Accounts payable
	Current		Current		Current		Current		Current		Current		Current		Current		Current
Joint ventures:
Profertil		107		239		215		97		162		99		110		209		35
MEGA		—		925		149		—		797		80		12		481		381
Refinor		—		224		8		—		296		39		—		125		11
Bizoy S.A.		5		—		—		9		—		—		4		—		—
Y-GEN I		57		—		—		—		2		—		—		—		—
Y-GEN II		22		—		—		—		—		—		—		—		—
Petrofaro S.A.		—		35		51		—		—		—		—		—		—

		191		1,423		423		106		1,257		218		126		815		427

Associates:
CDS		—		122		—		—		108		—		—		194		—
YPF Gas ⁽¹⁾		589		230		15		35		375		35		33		98		44
Oldelval		—		—		131		—		—		81		—		—		56
Termap		—		—		52		—		—		44		—		—		44
OTA		—		—		5		—		—		5		—		—		2
OTC		5		—		—		2		—		—		1		—		—
Gasoducto del Pacífico (Argentina) S.A.		4		—		19		4		—		31		4		—		27
Oiltanking		—		—		96		—		—		50		—		—		45
Gas Austral S.A.		2		7		—		—		—		—		—		—		—

		600		359		318		41		483		246		38		292		218

		791		1,782		741		147		1,740		464		164		1,107		645


	2017						2016						2015
	Revenues		Purchases and services		Net interest income (loss)		Revenues		Purchases and services		Net interest income (loss)		Revenues		Purchases and services		Net interest income (loss)
Joint ventures:
Profertil		906		901		—		956		620		—		823		305		—
MEGA		4,058		814		—		2,673		337		—		1,396		470		—
Refinor		838		225		10		998		133		3		824		195		—
Bizoy S.A.		1		—		—		5		—		—		—		—		—
Y-GEN I		34		—		—		2		—		—		—		—		—
Y-GEN II		41		—		—		—		—		—		—		—		—
Petrofaro S.A.		33		58		—		—		—		—		—		—		—

		5,911		1,998		10		4,634		1,090		3		3,043		970		—

Associates:
CDS		102		—		—		579		—		38		322		—		8
YPF Gas ⁽¹⁾		863		51		51		761		41		—		231		35		—
Oldelval		—		596		—		—		408		—		—		220		—
Termap		—		366		—		—		309		—		—		215		—
OTA		—		25		—		—		25		—		—		20		—
Gasoducto del Pacífico (Argentina) S.A.		—		202		—		—		170		—		—		113		—
Oiltanking.		1		428		—		—		350		—		—		200		—
Gas Austral S.A.		78		1		—		—		—		—		—		—		—

		1,044		1,669		51		1,340		1,303		38		553		803		8

		6,955		3,667		61		5,974		2,393		41		3,596		1,773		8

(1)	Disclosed balances and transactions since the date of the acquisition of associates. See Note 3.

Information about Public Sector Related Entities

Additionally, in the normal course of business, and considering being the main energy group in Argentina, the Group’s client/suppliers portfolio encompasses both private sector entities as well as national public sector entities. As required by IAS 24 “Related party disclosures”, among the major transactions above mentioned the most important are:


				Balances									Transactions
				Credits / (Liabilities)									Income / (Costs)
Customers / Suppliers	Ref.			2017			2016			2015			2017			2016			2015
MINEM		(1	)		13,417			10,881			9,859			12,840			16,757			12,345
MINEM		(2	)		—			—			1,988			—			—			1,988
MINEM		(3	)		190			129			207			191			93			84
MINEM		(4	)		162			142			91			119			132			123
MINEM		(5	)		—			759			149			—			759			711
Ministry of Transport		(6	)		840			1,152			412			5,402			5,658			3,746
Secretariat of Industry		(7	)		24			378			27			188			422			621
CAMMESA		(8	)		4,444			3,782			2,156			17,569			20,934			12,079
CAMMESA		(9	)		(316	)		(170	)		(196	)		(2,090	)		(2,189	)		(1,460	)
ENARSA		(10	)		698			727			758			2,920			2,541			1,635
ENARSA		(11	)		(1,591	)		(1,357	)		(893	)		(214	)		(955	)		(1,141	)
Aerolíneas Argentinas S.A. and Austral Líneas Aéreas Cielos del Sur S.A.		(12	)		946			364			255			4,300			3,066			2,178
Aerolíneas Argentinas S.A. and Austral Líneas Aéreas Cielos del Sur S.A.		(13	)		—			(2	)		—			(28	)		(14	)		(1	)

(1)	The benefits of the incentive scheme for the Additional Injection of natural gas.

(2)	Benefits for the crude oil production incentive program.

(3)	Benefits for the propane gas supply agreement for undiluted propane gas distribution networks.

(4)	Benefits for the bottle-to-bottle program.

(5)	Temporary economic assistance to Metrogas.

(6)	The compensation for providing gas oil to public transport of passengers at a differential price.

(7)	Incentive for domestic manufacturing of capital goods, for the benefit of AESA.

(8)	The provision of fuel oil and natural gas, and electric power generation.

(9)	Purchases of energy.

(10)	Rendering of regasification service in the regasification projects of liquefied natural gas in Escobar and Bahía Blanca.

(11)	The purchase of natural gas and crude oil.

(12)	The provision of jet fuel.

(13)	The purchase of miles for the YPF Serviclub program

Summary of Compensation of key management personnel

The table below discloses the compensation for the YPF’s key management personnel, including members of the Board of Directors and Vice presidents (managers with executive functions appointed by the Board of Directors), for the years ended December 31, 2017, 2016 and 2015:


	2017⁽¹⁾		2016⁽¹⁾		2015⁽¹⁾
Short-term employee benefits ⁽²⁾		221		182		158
Share-based benefits		34		26		40
Post-retirement benefits		10		9		6
Termination benefits		109		94		5

		374		311		209

(1)	Includes the compensation for YPF’s key management personnel, which developed their functions during the mentioned years.

(2)	Does not include Social Security contributions of 50, 45 and 55 for the years ended December 31, 2017, 2016 and 2015, respectively.