Balances and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2021

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, 2021, 2020 and 2019 and transactions with the mentioned parties for the years ended on such

dates.


	2021
	Other receivables		Trade receivables		Investment in financial assets		Accounts payable		Contract liabilities
	Current		Current		Current		Current		Current
Joint Ventures:
Profertil		19		1,146		—		884		—
MEGA		—		4,397		—		572		—
Refinor		—		1,949		—		64		—
Bizoy S.A.		—		—		—		—		—
YPF EE		385		1,277		803		3,375		74
Petrofaro S.A.		—		—		—		—		—
OLCLP		31		—		—		164		—
Sustentator S.A.		—		—		—		5		—

		435		8,769		803		5,064		74

Associates:
CDS		—		1		—		—		—
YPF Gas		114		749		—		220		—
Oldelval		—		2		—		366		—
Termap		—		—		—		139		—
OTA		14		—		—		11		—
OTC		—		—		—		—		—
GPA		—		—		—		310		—
Oiltanking		—		1		—		209		—
Gas Austral S.A.		—		42		—		—		—

		128		795		—		1,255		—

		563		9,564		803		6,319		74


	2020
	Other receivables		Trade receivables		Investment in financial assets		Accounts payable		Contract liabilities
	Current		Current		Current		Current		Current
Joint Ventures:
Profertil		12		641		—		484		—
MEGA		—		2,650		—		261		—
Refinor		—		577		—		75		—
Bizoy S.A.		—		—		—		—		—
YPF EE		389		794		—		2,504		56
Petrofaro S.A.		—		—		—		—		—
OLCLP		79		7		—		168		—
Sustentator S.A.		—		—		—		2		—

		480		4,669		—		3,494		56

Associates:
CDS		—		144		—		10		—
YPF Gas		51		322		—		180		—
Oldelval		—		1		—		450		—
Termap		—		—		—		182		—
OTA		12		—		—		9		—
OTC		8		—		—		—		—
GPA		—		—		—		25		—
Oiltanking		—		1		—		304		—
Gas Austral S.A.		—		23		—		1		—

		71		491		—		1,161		—

		551		5,160		—		4,655		56


	2019
	Other receivables		Trade receivables		Investment in financial assets		Accounts payable		Contract liabilities
	Current		Current		Current		Current		Current

Joint Ventures:
Profertil		12		587		—		114		—
MEGA		—		2,995		—		350		—
Refinor		—		956		—		123		—
Bizoy S.A.		—		17		—		—		—
YPF EE		296		2,278		—		2,183		679
Petrofaro S.A.		—		6		—		—		—
OLCLP		56		59		—		70		—
Sustentator S.A.		—		—		—		—		—

		364		6,898		—		2,840		679

Associates:
CDS		—		1,063		—		—		—
YPF Gas		90		317		—		73		—
Oldelval		—		77		—		401		—
Termap		—		—		—		182		—
OTA		9		—		—		14		—
OTC		4		—		—		—		—
GPA		—		—		—		99		—
Oiltanking		—		—		—		198		—
Gas Austral S.A.		—		12		—		1		—

		103		1,469		—		968		—

		467		8,367		—		3,808		679


	2021							2020						2019
	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		5,454		11,019		—			5,111		4,883		—		4,418		3,044		—
MEGA		18,974		1,298		—			12,408		2,281		—		10,672		1,854		—
Refinor		12,580		1,407		—			2,750		706		—		3,310		481		(16	)
Y-GEN I		—		—		—			—		—		—		5		—		—
YPF EE		6,145		9,734		—			3,647		5,184		—		5,016		3,862		—
Petrofaro S.A.		—		—		—			—		—		—		9		23		—
OLCLP		95		774		—			115		571		—		66		316		—
Sustentator S.A.		—		18		—			—		4		—		—		—		—

		43,248		24,250		—			24,031		13,629		—		23,496		9,580		(16	)

Associates:
CDS		390		—		(72	)		838		8		8		1,955		1		—
YPF Gas		5,597		775		—			2,401		345		3		2,217		252		162
Oldelval		16		3,521		—			57		2,893		2		238		2,192		—
Termap		—		1,791		—			—		1,309		—		—		1,302		—
OTA		2		167		—			2		76		—		1		80		—
GPA		—		1,757		—			—		1,176		—		—		845		—
Oiltanking		7		2,368		—			5		1,542		—		3		1,350		—
Gas Austral S.A.		496		3		—			223		—		—		206		1		—

		6,508		10,382		(72	)		3,526		7,349		13		4,620		6,023		162

		49,756		34,632		(72	)		27,557		20,978		13		28,116		15,603		146

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 customer and 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
		Receivables / (Liabilities)									Income / (Costs)
Customers / Suppliers	Ref.	2021			2020			2019			2021			2020			2019
SGE	(1) (20)		—			12,607			26,223			—			—			—
SGE	(2) (20)		1,610			3,330			3,416			3,696			3,992			5,684
SGE	(3) (20)		4,397			—			—			16,473			—			—
SGE	(4) (20)		472			228			155			837			234			657
SGE	(5) (20)		—			240			166			—			—			7
SGE	(6) (20)		188			625			475			—			150			475
SGE	(7) (20)		131			440			172			880			845			995
SGE	(8) (20)		6,775			6,126			4,417			—			—			361
Ministry of Transport	(9) (20)		918			2,802			2,056			6,373			4,515			5,923
Secretariat of Industry	(10)
	(20)		—			—			—			686			—			688
CAMMESA	(11)		12,779			7,098			627			56,633			26,054			6,650
CAMMESA	(12)		(1,173	)		(983	)		386			(8,063	)		(5,678	)		(3,778	)
IEASA	(13)		8,970			5,998			5,041			11,924			10,992			11,994
IEASA	(14)		(7,866	)		(2,640	)		(505	)		(3,429	)		(1,650	)		(462	)
Aerolíneas Argentinas S.A.	(15)		2,618			6,009			5,033			12,340			4,641			16,036
Aerolíneas Argentinas S.A.	(16)		—			—			—			(133	)		—			—
ANSES	(17)		—			—			—			—			1,539			—
Agua y Saneamientos Argentinos S.A.	(18)		1,754			—			—			3,121			—			—
Ministry of Work, Employment and Social Security and AFIP	(19)		—			—			—			230			—			—

(1)	Benefits for the Stimulus Program for the Additional Injection of Natural Gas corresponding to Resolution No. 1/2013 issued by the Strategic Planning and Coordination Commission of the Hydrocarbon Investments National Plan.

(2)	Benefits for the Resolution 46 Program. See Note 35.d.1).

(3)	Benefits for the GasAr Plan. See Note 35.d.1).

(4)	Benefits for the propane gas supply agreement for undiluted propane gas distribution networks. See Note 35.d.2).

(5)	Benefits for the Bottle-to Bottle Program. See Note 35.d.2).

(6)	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.

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

(8)

Procedure to compensate the payment of the daily differences accumulated 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. See Note 35.c.1).

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

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

(11)	The provision of fuel oil, diesel and natural gas.

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

(13)	Sales of natural gas, LNG and provision of regasification service of LNG in Escobar.

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

(15)	The provision of jet fuel.

(16)	The purchase of miles for the YPF Serviclub Program.

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

(18)	Sale of assets held for disposal.

(19)	Income recognized by the Productive Recovery Program II (“REPRO II”) in benefit of OPESSA.

(20)	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, 2021, 2020 and 2019:


	2021		2020		2019
Short-term employee benefits (1)		1,209		719		515
Share-based benefits		135		161		123
Post-retirement benefits		56		32		22
Termination benefits		154		242		—

		1,554		1,154		660

(1)	Does not include Social Security contributions of 257, 182 and 133 for the years ended December 31, 2021, 2020 and 2019, respectively.