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Loans (Tables)

12 Months Ended

Dec. 31, 2022


							2022				2021				2020
	Interest rate (1)				Maturity		Non- current		Current		Non- current		Current		Non- current		Current
Pesos:
NO (4)		69.09%	-	69.18%		2023-2024		64		5		67		56		77		205
Export pre-financing			-			-		-		-		-		-		-		65
Loans		90.46%	-	90.83%		2024		46		25		136		70		64		81
Account overdraft		69.50%	-	72.00%		2023		-		71		-		8		-		-

								110		101		203		134		141		351


Currencies other than the Peso:
NO (2) (3)		1.50%	-	10.00%		2023-2047		5,594		828		6,206		541		5,905		739
Export pre-financing (5)		2.20%	-	5.50%		2023		-		22		12		42		150		305
Imports financing		6.72%	-	8.57%		2023		-		21		-		3		-		-
Loans		2.68%	-	19.75%		2023-2027		244		168		113		125		81		398

								5,838		1,039		6,331		711		6,136		1,442

								5,948		1,140		6,534		845		6,277		1,793

(1)	Nominal annual interest rate as of December 31, 2022.

(2)	Disclosed net of 9 and 4 corresponding to YPF’s own NO repurchased through open market transactions, as of December 31, 2022 and 2021, respectively.

(3)	Includes 523, 602 and 249 as of December 31, 2022, 2021 and 2020, 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 45 and 55 as of December 31, 2021 and 2020, 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 2 and 57 as of December 31, 2021 and 2020, respectively, of pre-financing of exports granted by BNA, which accrue a 5.50% and 5.85%, 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, 2022, 2021 and 2020 is as follows:


	2022		2021		2020
Balance at beginning of the year		7,379		8,070		8,810

Proceeds from loans		402		963		1,803
Payments of loans		(780)		(1,653)		(2,283)
Payments of interest		(543)		(615)		(873)
Account overdraft, net		71		8		2
Accrued interest (1)		680		701		824
Net exchange differences and translation		(113)		(70)		(237)
Result from debt exchange		-		(21)		29
Result from net monetary position (2)		(8)		(4)		(5)

Balance at the end of the year		7,088		7,379		8,070

(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:


															2022				2021				2020
Month	Year		Principal Value			Ref.		Class		Interest rate (3)			Principal Maturity		Non- current		Current		Non- current		Current		Non- current		Current

YPF
-		1998		US$	15		(1) (6)		-		Fixed	10.00%		2028		15		-		15		-		15		-
April, February, October		2014/15/16		US$	1,522		(2) (4) (6)		Class XXVIII		Fixed	8.75%		2024		346		273		606		278		1,522		32
September		2014		$	1,000		(2) (6) (7)		Class XXXIV		BADLAR + 0.1%	69.09%		2024		1		1		3		2		6		3
April		2015		US$	1,500		(2) (6)		Class XXXIX		Fixed	8.50%		2025		1,132		41		1,132		41		1,500		54
October		2015		$	2,000		(2) (6) (7)		Class XLIII		BADLAR	69.18%		2023		-		4		6		7		16		9
March, January		2016/20		$	5,455		(2) (4) (6)		Class XLVI		-	-		-		-		-		-		-		-		73
March		2016		US$	1,000		(2) (6)		Class XLVII		-	-		-		-		-		-		-		-		423
May		2017		$	4,602		(2) (6) (8)		Class LII		-	-		-		-		-		-		47		55		1
July, December		2017		US$	1,000		(2) (6)		Class LIII		Fixed	6.95%		2027		818		25		816		25		1,010		31
December		2017		US$	750		(2) (6)		Class LIV		Fixed	7.00%		2047		529		1		533		2		741		2
June		2019		US$	500		(6) (9)		Class I		Fixed	8.50%		2029		397		-		397		-		498		-
January		2020		$	2,112		(6) (9)		Class V		-	-		-		-		-		-		-		-		27
January, March		2020		$	5,006		(6) (9)		Class VI		-	-		-		-		-		-		-		-		64
January		2020		US$	10		(5) (6) (9)		Class VII		-	-		-		-		-		-		-		-		10
March		2020		US$	9		(6) (9)		Class VIII		-	-		-		-		-		-		-		-		9
March		2020		US$	4		(6) (9)		Class IX		-	-		-		-		-		-		-		-		4
May		2020		US$	93		(5) (6) (9)		Class XI		-	-		-		-		-		-		-		-		94
June		2020		US$	78		(5) (6) (9)		Class XII		-	-		-		-		-		-		75		78		-
July		2020		US$	543		(6) (9)		Class XIII		Fixed	8.50%		2025		127		90		211		91		473		80
December, February		2020/21		US$	143		(5) (6) (9)		Class XIV		Fixed	2.00%		2023		-		139		143		-		68		-
December		2020		$	2,316		(6) (9)		Class XV		-	-		-		-		-		-		-		-		28
February		2021		US$	775		(6) (9)		Class XVI		Fixed	4.00%		2026		542		238		740		9		-		-
February		2021		US$	748		(6) (9)		Class XVII		Fixed	2.50%		2029		760		-		716		-		-		-
February		2021		US$	576		(6) (9)		Class XVIII		Fixed	1.50%		2033		544		10		513		10		-		-
February		2021		$	4,128		(6) (9) (10)		Class XIX		Fixed	3.50%		2024		63		-		58		-		-		-
July		2021		US$	384		(4) (5) (9)		Class XX		Fixed	5.75%		2032		384		11		384		10		-		-

																5,658		833		6,273		597		5,982		944

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

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

(3)	Nominal annual Interest rate as of December 31, 2022.

(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 item 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 for an amount of 7,215.

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