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Loans (Tables)

12 Months Ended

Dec. 31, 2020


									2020				2019				2018
	Interest rate (1)						Maturity		Noncurrent		Current		Noncurrent		Current		Noncurrent		Current
Pesos
Negotiable obligations (5)		16.50	%	-	39.13	%		2021-2024		6,435		17,254		8,619		27,481		26,118		6,999
Export pre-financing		32.00	%	-	40.50	%		2021		—		5,465		—		—		—		—
Loans		33.00	%	-	61.00	%		2021-2024		5,375		6,818		—		3,687		40		789	(3)
Account overdraft				-				—		—		—		—		2,103		—		—

										11,810		29,537		8,619		33,271		26,158		7,788

Currencies other than the Peso
Negotiable obligations (2) (4)		0.00	%	-	10.00	%		2021-2047		496,377		62,052		375,560		13,279		219,510		17,417
Export pre-financing (6)		2.75	%	-	7.75	%		2021-2022		12,608		25,662		10,762		33,100		—		20,724
Imports financing				-				—		—		—		—		17,876		968		13,176
Loans		0.91	%	-	8.01	%		2021-2027		6,780		33,480		24,710		9,583		23,616		5,721

										515,765		121,194		411,032		73,838		244,094		57,038

										527,575		150,731		419,651		107,109		270,252		64,826

(1)	Nominal annual interest rate as of December 31, 2020.

(2)	Disclosed net of 326 and 410 corresponding to YPF’s own NO repurchased through open market transactions, as of December 31, 2019 and 2018, respectively.

(3)	As of December 31, 2018, it includes 500 of loans granted for BNA, which accrues variable interest at a BADLAR plus a margin of 3.5 points. See Note 35.

(4)	Includes 20,496, 4,643 and 2,634 as of December 31, 2020, 2019 and 2018, respectively, of nominal value of negotiable obligations that will be canceled in Pesos at the applicable exchange rate in accordance with the terms of the series issued.

(5)	Includes 4,602, 15,850 and 15,850 as of December 31, 2020, 2019 and 2018, respectively, of nominal value of NO that will be canceled in dollars at the applicable exchange rate according to the conditions of the issued series.

(6)	Includes 4,791, 4,933 and 5,264, as of December 31, 2020, 2019 and 2018, respectively, of pre-financing of exports granted by BNA, which accrue a 5.85%, 6.89% and 3.93%, respectively, weighted average rate.

Breakdown of Group's Borrowings

The breakdown of the Group’s borrowings as of the fiscal year ended on December 31, 2020, 2019 and 2018 is as follows:


	2020			2019			2018
Balance at beginning of the year		526,760			335,078			191,063
Proceed from loans		139,018			97,351			39,673
Payments of loans		(174,913	)		(93,456	)		(55,734	)
Payments of interest		(60,681	)		(41,606	)		(26,275	)
Accrued interest (1)		58,979			44,570			27,998
Net exchange differences and translation		187,455			185,420			160,016
Result from net monetary position (2)		(409	)		(597	)		(1,663	)
Reclassifications and other movements		2,097			—			—

Balance at the end of the year		678,306			526,760			335,078

(1)	Includes capitalized financial costs.

(2)	Includes adjustment for inflation of opening balances of loans in subsidiaries with the Peso as functional currency which was charged to other comprehensive income and the adjustment for inflation of the fiscal year, which was charged to results.

Detailed Information of Negotiable Obligations

Details regarding the NO of the Group are as follows:


													2020				2019				2018
Month	Year		Principal value		Ref.	Class		Interest rate (3)			Principal Maturity		Noncurrent		Current		Noncurrent		Current		Noncurrent		Current
YPF
—		1998	US$	15	(1) (6)		—	Fixed	10.00	%		2028		1,245		20		886		15		557		9
April		2013	$	2,250	(2) (4) (6) (7)		Class XVII	—	—			—		—		—		—		1,217		1,125		1,330
June		2013	$	1,265	(2) (4) (6)		Class XX	—	—			—		—		—		—		643		633		657
July		2013	US$	92	(2) (5) (6)		Class XXII	—	—			—		—		—		—		729		456		461
April, February and October		2014/5/6	US$	1,522	(2) (4) (6)		Class XXVIII	Fixed	8.75	%		2024		127,938		2,705		91,010		1,925		57,233		1,210
March		2014	$	500	(2) (6) (7)		Class XXIX	—	—			—		—		—		—		206		200		162
September		2014	$	1,000	(2) (6) (7)		Class XXXIV	BADLAR plus 0.1%	32.11	%		2024		500		224		667		279		833		299
September		2014	$	750	(2) (4) (6)		Class XXXV	—	—			—		—		—		—		—		—		571
February		2015	$	950	(2) (6) (7)		Class XXXVI	—	—			—		—		—		—		1,161		950		187
April		2015	$	935	(2) (4) (6)		Class XXXVIII	—	—			—		—		—		—		349		312		390
April		2015	US$	1,500	(2) (6)		Class XXXIX	Fixed	8.50	%		2025		126,075		4,554		89,416		3,230		56,062		2,025
September		2015	$	1,900	(2) (6) (7)		Class XLI	—	—			—		—		—		—		719		633		801
September and December		2015/9	$	5,196	(2) (4) (6)		Class XLII	—	—			—		—		—		—		5,952		1,697		243
October		2015	$	2,000	(2) (6) (7)		Class XLIII	BADLAR	32.80	%		2023		1,333		794		2,000		183		2,000		196
March and January		2016/20	$	5,455	(2) (4) (6)		Class XLVI	B BADLAR plus 6%	37.63	%		2021		—		6,116		1,350		251		1,350		234
March		2016	US$	1,000	(2) (6)		Class XLVII	Fixed	8.50	%		2021		—		35,488		59,790		1,383		37,600		870
April		2016	US$	46	(2) (5) (6)		Class XLVIII	—	—			—		—		—		—		2,785		1,723		29
April		2016	$	535	(2) (6)		Class XLIX	—	—			—		—		—		—		593		535		62
July		2016	$	11,248	(2) (6) (8)		Class L	—	—			—		—		—		—		12,902		11,248		1,238
September		2016		CHF300	(2) (6)		Class LI	—	—			—		—		—		—		—		—		11,563
May		2017	$	4,602	(2) (6) (8)		Class LII	Fixed	16.50	%		2022		4,602		110		4,602		108		4,602		110
July and December		2017	US$	1,000	(2) (6)		Class LIII	Fixed	6.95	%		2027		84,920		2,588		60,399		1,890		38,024		1,180
December		2017	US$	750	(2) (6)		Class LIV	Fixed	7.00	%		2047		62,309		176		44,311		126		27,855		70
June		2019	US$	500	(6) (9)		Class I	Fixed	8.50	%		2029		41,828		40		29,748		17		—		—
December		2019	$	1,683	(6) (9)		Class II	—	—			—		—		—		—		1,729		—		—
December, April, May and June		2019/20	$	3,708	(6) (9)		Class III	—	—			—		—		—		—		1,189		—		—
December		2019	US$	19	(5) (6) (9)		Class IV	—	—			—		—		—		—		1,179		—		—
January		2020	$	2,112	(6) (9)		Class V	BADLAR plus 5%	37.98	%		2021		—		2,261		—		—		—		—
January and March		2020	$	5,006	(6) (9)		Class VI	BADLAR plus 6%	38.98	%		2021		—		5,366		—		—		—		—
January		2020	US$	10	(5) (6) (9)		Class VII	Fixed	5.00	%		2021		—		840		—		—		—		—
March		2020	US$	9	(6) (9)		Class VIII	Fixed	5.00	%		2021		—		755		—		—		—		—
March		2020	US$	4	(6) (9)		Class IX	Fixed	6.00	%		2021		—		331		—		—		—		—
May		2020	US$	93	(5) (6) (9)		Class XI	Fixed	0.00	%		2021		—		7,836		—		—		—		—
June		2020	US$	78	(5) (6) (9)		Class XII	Fixed	1.50	%		2022		6,587		5		—		—		—		—
July		2020	US$	543	(6) (9)		Class XIII	Fixed	8.50	%		2025		39,784		6,706		—		—		—		—
December		2020	US$	68	(5) (6) (9)		Class XIV	Fixed	2.00	%		2023		5,691		8		—		—		—		—
December		2020	$	2,316	(6) (9)		Class XV	BADLAR plus 5%	39.13	%		2021		—		2,383		—		—		—		—
Metrogas
December		2018	$	513	—		Class II	—	—			—		—		—		—		—		—		519

														502,812		79,306		384,179		40,760		245,628		24,416

(1)	Corresponds to the 1997 M.T.N. Program for US$1,000 million.

(2)	Corresponds to the 2008 M.T.N. Program for US$ 10,000 million.

(3)	Nominal annual Interest rate as of December 31, 2020.

(4)	The ANSES and/or the “Fondo Argentino de Hidrocarburos” have participated in the primary subscription of these NO, which may at the discretion of the respective holders, be subsequently traded on the securities market where these negotiable obligations are authorized to be traded.

(5)	The payment currency of these Negotiable Obligations is the Peso at the Exchange rate applicable under the terms of the series issued.

(6)	As of the date of issuance of these financial statements, the Group has fully complied with the use of proceeds disclosed in the corresponding pricing supplements.

(7)	NO classified as productive investments computable as such for the purposes of section 35.8.1, paragraph K of the General Regulations applicable to Insurance Activities issued by the Argentine Insurance Supervisory Bureau.

(8)	The payment currency of this issue is the dollar at the exchange rate applicable in accordance with the conditions of the relevant issued series.

(9)	Corresponds to the Frequent Issuer program.