Loans (Tables)

12 Months Ended

Dec. 31, 2021


									2021				2020				2019
	Interest rate (1)						Maturity		Non-current		Current		Non-current		Current		Non-current		Current

Pesos:
NO (4)		16.50	%	-	34.27	%		2022-2024		6,897		5,700		6,435		17,254		8,619		27,481
Export pre-financing				-				—		—		—		—		5,465		—		—
Loans		40.72	%	-	64.73	%		2022-2024		13,955		7,220		5,375		6,818		—		3,687
Account overdraft		34.00	%	-	34.00	%		2022		—		794		—		—		—		2,103

										20,852		13,714		11,810		29,537		8,619		33,271

Currencies other than the Peso:
NO (2) (3)		0.00	%	-	10.00	%		2022-2047		636,822		55,517		496,377		62,052		375,560		13,279
Export pre-financing (5)		2.50	%	-	5.50	%		2022-2023		1,256		4,358		12,608		25,662		10,762		33,100
Imports financing		5.80	%	-	5.80	%		2022		—		330		—		—		—		17,876
Loans		0.87	%	-	10.75	%		2022-2027		11,605		12,761		6,780		33,480		24,710		9,583

										649,683		72,966		515,765		121,194		411,032		73,838

										670,535		86,680		527,575		150,731		419,651		107,109

(1)	Nominal annual interest rate as of December 31, 2021.

(2)	Disclosed net of 360 and 326 corresponding to YPF’s own NO repurchased through open market transactions, as of December 31, 2021 and 2019, respectively.

(3)	Includes 61,811, 20,496 and 4,643 as of December 31, 2021, 2020 and 2019, 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.

(4)	Includes 4,602, 4,602 and 15,850 as of December 31, 2021, 2020 and 2019, 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.

(5)	Includes 174, 4,791 and 4,933 as of December 31, 2021, 2020 and 2019, respectively, of pre-financing of exports granted by BNA, which accrue a 5.50%, 5.85% and 6.89%, 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, 2021, 2020 and 2019 is as follows:

	2021			2020			2019
Balance at beginning of the year		678,306			526,760			335,078

Proceeds from loans		97,420			139,018			97,351
Payments of loans		(161,016	)		(174,913	)		(93,456	)
Payments of interest		(58,454	)		(60,681	)		(41,606	)
Accrued interest (1)		66,950			58,979			44,570
Net exchange differences and translation		136,280			187,455			185,420
Result from debt exchange		(1,855	)		2,097			—
Result from net monetary position (2)		(416	)		(409	)		(597	)

Balance at the end of the year		757,215			678,306			526,760

(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:


														2021				2020				2019
Month	Year			Principal Value		Ref.		Class	Interest rate (1)			Principal Maturity		Non-current		Current		Non-current		Current		Non-current		Current
YPF
—	1998	US$	15		(1)(6)		—		Fixed	10.00	%		2028		1,521		26		1,245		20		886		15
April	2013	$	2,250		(2)(4)(6)(7)		Class XVII		—	—			—		—		—		—		—		—		1,217
June	2013	$	1,265		(2)(4)(6)		Class XX		—	—			—		—		—		—		—		—		643
July	2013	US$	92		(2)(5)(6)		Class XXII		—	—			—		—		—		—		—		—		729
April, February, October	2014/15/16	US$	1,522		(2)(4)(6)		Class XXVIII		Fixed	8.75	%		2024		62,193		28,598		127,938		2,705		91,010		1,925
March	2014	$	500		(2)(6)(7)		Class XXIX		—	—			—		—		—		—		—		—		206
September	2014	$	1,000		(2)(6)(7)		Class XXXIV		BADLAR + 0.1%	34.27	%		2024		334		213		500		224		667		279
February	2015	$	950		(2)(6)(7)		Class XXXVI		—	—			—		—		—		—		—		—		1,161
April	2015	$	935		(2)(4)(6)		Class XXXVIII		—	—			—		—		—		—		—		—		349
April	2015	US$	1,500		(2)(6)		Class XXXIX		Fixed	8.50	%		2025		116,140		4,167		126,075		4,554		89,416		3,230
September	2015	$	1,900		(2)(6)(7)		Class XLI		—	—			—		—		—		—		—		—		719
September, December	2015/19	$	5,196		(2)(4)(6)		Class XLII		—	—			—		—		—		—		—		—		5,952
October	2015	$	2,000		(2)(6)(7)		Class XLIII		BADLAR	34.17	%		2023		667		755		1,333		794		2,000		183
March, January	2016/20	$	5,455		(2)(4)(6)		Class XLVI		—	—			—		—		—		—		6,116		1,350		251
March	2016	US$	1,000		(2)(6)		Class XLVII		—	—			—		—		—		—		35,488		59,790		1,383
April	2016	US$	46		(2)(5)(6)		Class XLVIII		—	—			—		—		—		—		—		—		2,785
April	2016	$	535		(2)(6)		Class XLIX		—	—			—		—		—		—		—		—		593
July	2016	$	11,248		(2)(6)(8)		Class L		—	—			—		—		—		—		—		—		12,902
May	2017	$	4,602		(2)(6)(8)		Class LII		Fixed	16.50	%		2022		—		4,712		4,602		110		4,602		108
July, December	2017	US$	1,000		(2)(6)		Class LIII		Fixed	6.95	%		2027		83,658		2,531		84,920		2,588		60,399		1,890


														2021				2020				2019
Month	Year		Principal Value		Ref.	Class		Interest rate (1)				Principal Maturity		Non-current		Current		Non-current		Current		Non-current		Current
December		2017	US$	750	(2)(6)		Class LIV		Fixed	7.00	%		2047		54,702		154		62,309		176		44,311		126
June		2019	US$	500	(6)(9)		Class I		Fixed	8.50	%		2029		40,740		39		41,828		40		29,748		17
December		2019	$	1,683	(6)(9)		Class II		—	—			—		—		—		—		—		—		1,729
December, April, May, 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		—	—			—		—		—		—		2,261		—		—
January, March		2020	$	5,006	(6)(9)		Class VI		—	—			—		—		—		—		5,366		—		—
January		2020	US$	10	(5)(6)(9)		Class VII		—	—			—		—		—		—		840		—		—
March		2020	US$	9	(6)(9)		Class VIII		—	—			—		—		—		—		755		—		—
March		2020	US$	4	(6)(9)		Class IX		—	—			—		—		—		—		331		—		—
May		2020	US$	93	(5)(6)(9)		Class XI		—	—			—		—		—		—		7,836		—		—
June		2020	US$	78	(5)(6)(9)		Class XII		Fixed	1.50	%		2022		—		7,688		6,587		5		—		—
July		2020	US$	543	(6)(9)		Class XIII		Fixed	8.50	%		2025		21,652		9,353		39,784		6,706		—		—
December, February		2020/21	US$	143	(5)(6)(9)		Class XIV		Fixed	2.00	%		2023		14,701		22		5,691		8		—		—
December		2020	$	2,316	(6)(9)		Class XV		—	—			—		—		—		—		2,383		—		—
February		2021	US$	775	(6)(9)		Class XVI		Fixed	4.00	%		2026		75,944		899		—		—		—		—
February		2021	US$	748	(6)(9)		Class XVII		Fixed	2.50	%		2029		73,484		18		—		—		—		—
February		2021	US$	576	(6)(9)		Class XVIII		Fixed	1.50	%		2033		52,658		1,015		—		—		—		—
February		2021	$	4,128	(6)(9)(10)		Class XIX		Fixed	3.50	%		2024		5,896		20		—		—		—		—
July		2021	US$	384	(5)(9)		Class XX		Fixed	5.75	%		2032		39,429		1,007		—		—		—		—

															643,719		61,217		502,812		79,306		384,179		40,760

(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, 2021.

(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.

(10)	The payment currency of this issue is the peso at the UVA rate applicable in accordance with the conditions of the relevant issued series.