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Balances and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2020

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, 2020, 2019 and 2018 and transactions with the mentioned parties for the years ended on such dates.


	2020								2019								2018
	Other receivables		Trade receivables		Accounts payable		Contract liabilities		Other receivables		Trade receivables		Accounts payable		Contract liabilities		Other receivables		Trade receivables		Accounts payable
	Current		Current		Current		Current		Current		Current		Current		Current		Current		Current		Current
Joint ventures:
Profertil		12		641		484		—		12		587		114		—		2		461		428
MEGA		—		2,650		261		—		—		2,995		350		—		—		2,441		6
Refinor		—		577		75		—		—		956		123		—		—		770		5
Bizoy S.A.		—		—		—		—		—		17		—		—		11		—		—
Y-GEN I		—		—		—		—		—		—		—		—		—		2		—
YPF EE (1)		389		794		2,504		56		296		2,278		2,183		679		218		1,552		1,301
Petrofaro S.A.		—		—		—		—		—		6		—		—		—		267		151
OLCLP		79		7		168		—		56		59		70		—		1,884		—		—
Sustentator S.A.		—		—		2		—		—		—		—		—		—		—		—

		480		4,669		3,494		56		364		6,898		2,840		679		2,115		5,493		1,891

Associates:
CDS		—		144		10		—		—		1,063		—		—		—		518		—
YPF Gas		51		322		180		—		90		317		73		—		637		414		62
Oldelval		—		1		450		—		—		77		401		—		—		34		272
Termap		—		—		182		—		—		—		182		—		—		—		102
OTA		12		—		9		—		9		—		14		—		5		—		14
OTC		8		—		—		—		4		—		—		—		7		—		—
GPA		—		—		25		—		—		—		99		—		4		—		80
Oiltanking		—		1		304		—		—		—		198		—		21		—		147
Gas Austral S.A.		—		23		1		—		—		12		1		—		2		16		—

		71		491		1,161		—		103		1,469		968		—		676		982		677

		551		5,160		4,655		56		467		8,367		3,808		679		2,791		6,475		2,568


	2020						2019							2018
	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		5,111		4,883		—		4,418		3,044		—			2,751		1,964		—
MEGA		12,408		2,281		—		10,672		1,854		—			8,150		438		—
Refinor		2,750		706		—		3,310		481		(16	)		2,594		323		—
Bizoy S.A.		—		—		—		—		—		—			—		—		—
Y-GEN I		—		—		—		5		—		—			4		—		—
YPF EE (1)		3,647		5,184		—		5,016		3,862		—			2,064		1,548		47
Petrofaro S.A.		—		—		—		9		23		—			223		150		—
OLCLP		115		571		—		66		316		—			—
Sustentator S.A.		—		4		—

		24,031		13,629		—		23,496		9,580		(16	)		15,786		4,423		47

Associates:
CDS		838		8		8		1,955		1		—			565		—		—
YPF Gas		2,401		345		3		2,217		252		162			1,608		104		217
Oldelval		57		2,893		2		238		2,192		—			103		1,167		—
Termap		—		1,309		—		—		1,302		—			6		666		—
OTA		2		76		—		1		80		—			1		47		—
GPA		—		1,176		—		—		845		—			—		363		—
Oiltanking		5		1,542		—		3		1,350		—			4		777		—
Gas Austral S.A.		223		—		—		206		1		—			199		—		—

		3,526		7,349		13		4,620		6,023		162			2,486		3,124		217

		27,557		20,978		13		28,116		15,603		146			18,272		7,547		264

(1)	On March 20, 2018, YPF EE was reclassified as a joint venture. Includes transactions following the loss of control over YPF EE. 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.	2020			2019			2018			2020			2019			2018
SGE	(1) (17)		12,607			26,223			26,978			—			—			—
SGE	(2) (17)		3,330			3,416			1,211			3,992			5,684			1,376
SGE	(3) (17)		228			155			282			234			657			347
SGE	(4) (17)		240			166			192			—			7			107
SGE	(5) (17)		625			475			—			150			475			—
SGE	(6) (17)		440			172			1,255			845			995			3,447
SGE	(7) (17)		6,126			4,417			3,535			—			361			4,149
Ministry of Transport	(8) (17)		2,802			2,056			3,044			4,515			5,923			9,192
Secretariat of Industry	(9) (17)		—			—			—			—			688			—
CAMMESA	(10)		7,098			627			3,822			26,054			6,650			18,029
CAMMESA	(11)		(983	)		386			(444	)		(5,678	)		(3,778	)		(3,272	)
IEASA	(12)		5,998			5,041			4,326			10,992			11,994			7,600
IEASA	(13)		(2,640	)		(505	)		(745	)		(1,650	)		(462	)		(1,156	)
Aerolíneas Argentinas S.A. and Austral Líneas Aéreas Cielos del Sur S.A.	(14)		6,009			5,033			3,454			4,641			16,036			8,710
Aerolíneas Argentinas S.A. and Austral Líneas Aéreas Cielos del Sur S.A.	(15)		—			—			—			—			—			(21	)
ANSES.	(16)		—			—			—			1,539			—			—

(1)	Benefits for the Stimulus Programs for the Additional Injection of Natural Gas.

(2)	Benefits for the Stimulus Program for Investments in Natural Gas Production Developments from Non-Conventional Reservoirs.

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

(4)	Benefits for the Household Program.

(5)	Benefits for recognition of the financial cost generated by payment deferral by providers of the distribution service of natural and undiluted propane gas through networks.

(6)	Procedure to compensate for the lower income that Natural Gas Piping Distribution Service Licensed Companies receive from their users for the benefit of Metrogas.

(7)

Procedure to compensate the payment of the accumulated daily differences on a monthly basis between the price of the gas purchased by Natural Gas Piping Distribution Service Companies and the price of the natural gas included in the respective tariff schemes for the benefit of Metrogas. As of December 31, 2020, 1,887 have been charged to provision and 4,239 are disclosed net of liabilities with other natural gas producing companies. See Note 34.f.

(8)	The compensation for providing diesel to public transport of passengers at a differential price.

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

(10)	The provision of fuel oil and natural gas.

(11)	Purchases of energy. As of December 31, 2019, the Group had a credit balance for energy purchases.

(12)	Sale of natural gas and provision of regasification service in the regasification projects of LNG in Escobar. Likewise, for the ten months period as of October 31, 2018 it also included the regasification projects of LNG in Bahía Blanca.

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

(14)	The provision of jet fuel.

(15)	The purchase of miles for the YPF Serviclub program.

(16)	Income recognized by the Work and Production Assistance Program received in benefit of AESA and OPESSA.

(17)	Income recognized under the guidelines of IAS 20.

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, 2020, 2019 and 2018:


	2020		2019		2018
Short-term employee benefits (1)		719		515		337
Share-based benefits		161		123		55
Post-retirement benefits		32		22		14
Termination benefits		242		—		—

		1,154		660		406

(1)	Does not include Social Security contributions of 182, 133 and 66 for the years ended December 31, 2020, 2019 and 2018, respectively.