Balances and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022, 2021 and 2020 and transactions with the mentioned parties for the years ended on such dates.


	2022
	Other receivables		Trade receivables		Investment in financial assets		Accounts payable		Contract liabilities
	Current		Current		Current		Current		Current
Joint Ventures:
Profertil		-		8		-		12		-
MEGA		-		43		-		1		-
Refinor		-		13		-		3		-
Y-GEN I		-		-		-		-		-
YPF EE		4		6		-		40		-
OLCLP		-		-		-		2		-
Sustentator		-		-		-		-		-
CT Barragán		-		-		-		-		-
OTA		-		-		-		-		-
OTC		-		-		-		-		-

		4		70		-		58		-

Associates:
CDS		-		-		-		-		-
YPF Gas		2		9		-		3		-
Oldelval		18		-		-		10		-
Termap		-		-		-		3		-
GPA		-		-		-		2		-
Oiltanking		-		-		-		4		-
Gas Austral		-		-		-		-		-

		20		9		-		22		-

		24		79		-		80		-


	2021
	Other receivables		Trade receivables		Investment in financial assets		Accounts payable		Contract liabilities
	Current		Current		Current		Current		Current
Joint Ventures:
Profertil		-		11		-		9		-
MEGA		-		43		-		6		-
Refinor		-		19		-		1		-
Y-GEN I		-		-		-		-		-
YPF EE		4		12		8		33		1
OLCLP		-		-		-		2		-
Sustentator		-		-		-		-		-
CT Barragán		-		-		-		-		-
OTA		-		-		-		-		-
OTC		-		-		-		-		-

		4		85		8		51		1

Associates:
CDS		-		-		-		-		-
YPF Gas		1		7		-		2		-
Oldelval		-		-		-		4		-
Termap		-		-		-		1		-
GPA		-		-		-		3		-
Oiltanking		-		-		-		2		-
Gas Austral		-		-		-		-		-

		1		7		-		12		-

		5		92		8		63		1


	2020
	Other receivables		Trade receivables		Investment in financial assets		Accounts payable		Contract liabilities
	Current		Current		Current		Current		Current
Joint Ventures:
Profertil		-		8		-		6		-
MEGA		-		32		-		3		-
Refinor		-		7		-		1		-
Y-GEN I		-		-		-		-		-
YPF EE		5		9		-		30		1
OLCLP		1		-		-		2		-
Sustentator		-		-		-		-		-
CT Barragán		-		-		-		-		-
OTA		-		-		-		-		-
OTC		-		-		-		-		-

		6		56		-		42		1

Associates:
CDS		-		2		-		-		-
YPF Gas		1		4		-		2		-
Oldelval		-		-		-		5		-
Termap		-		-		-		2		-
GPA		-		-		-		-		-
Oiltanking		-		-		-		4		-
Gas Austral		-		-		-		-		-

		1		6		-		13		-

		7		62		-		55		1


	2022						2021						2020
	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		76		208		-		56		115		-		70		68		-
MEGA		242		-		-		197		13		-		175		31		-
Refinor		142		35		-		130		15		-		38		10		-
Y-GEN I		-		-		-		-		-		-		-		-		-
YPF EE		33		126		-		64		100		-		47		70		-
OLCLP		1		11		-		1		8		-		1		8		-
Sustentator		-		-		-		-		-		-		-		-		-
CT Barragán		-		-		-		-		2		-		-		1		-
OTA		-		3		-		-		-		-		-		-		-
OTC

		494		383		-		448		253		-		331		188		-

Associates:
CDS		-		-		-		4		-		(1)		10		-		-
YPF Gas		77		9		-		58		8		-		34		5		-
Oldelval		1		50		-		-		36		-		1		42		-
Termap		-		21		-		-		19		-		-		18		-
GPA		-		17		-		-		18		-		-		16		-
Oiltanking		-		28		-		-		25		-		-		22		-
Gas Austral		5		-		-		5		-		-		3		-		-

		83		125		-		67		106		(1)		48		103		-

		577		508		-		515		359		(1)		379		291		-

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.	2022		2021		2020		2022		2021		2020
SGE	(1) (21)		-		-		150		-		-		-
SGE	(2) (21)		-		16		40		-		39		56
SGE	(3) (21)		72		43		-		192		169		-
SGE	(4) (21)		9		4		3		15		8		3
SGE	(5) (21)		-		-		3		-		-		-
SGE	(6) (21)		1		2		7		-		-		2
SGE	(7) (21)		7		1		5		8		9		10
SGE	(8) (21)		38		66		73		-		-		-
Ministry of Transport	(9) (21)		8		8		33		51		67		65
AFIP	(10) (21)		38		-		-		52		-		-
Secretariat of Industry	(11) (21)		-		-		-		2		6		-
ANSES	(12) (21)		-		-		-		-		-		18
Ministry of Work, Employment and Social Security and AFIP	(13) (21)		-		-		-		-		2		-
CAMMESA	(14)		109		125		84		403		587		351
CAMMESA	(15)		(4)		(11)		(12)		(26)		(85)		(83)
ENARSA	(16)		71		87		71		130		123		153
ENARSA	(17)		(97)		(77)		(31)		(30)		(34)		(20)
Aerolíneas Argentinas S.A.	(18)		89		26		71		416		127		74
Aerolíneas Argentinas S.A.	(19)		-		-		-		(2)		(2)		-
Agua y Saneamientos Argentinos S.A.	(20)		10		17		-		-		32		-

(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 Plan GasAr 2020-2024. 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. They consist of financial compensations to distributors, sub-distributors, transporters and producers by recognizing the interest generated by the payment deferral granted to residential users of natural gas and undiluted propane gas through networks of 22% of the invoices issued from July 1, 2019 to October 31, 2019, recovered from regular invoices issued from December 1, 2019 and for 5 monthly, equal and consecutive periods.

(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. Economic compensations received as a result of the application of benefits and/or discounts to users under the regulations in force regarding social tariffs of the natural gas distribution service through networks.

(8)	Compensations to Decree No. 1,053/2018. See Note 35.c.1).

(9)	Compensation for providing diesel to public transport of passengers at a differential price. They consist of economic compensations to hydrocarbon producing and refining companies committed to ensuring the supply of diesel in the necessary volumes to meet domestic needs.

(10)	Benefits of the RIAIC. See Note 35.e.3).

(11)

Incentive for domestic manufacturing of capital goods, for the benefit of AESA. It takes place through a fiscal bond be computed as a tax credit for the payment of national taxes (i.e., income tax, VAT and domestic taxes) provided that manufacturers have industrial establishments located in Argentina.

(12)	Benefits recognized by the Work and Production Assistance Program received in benefit of AESA and OPESSA. See Note 26.

(13)	Benefits recognized by the Productive Recovery Program II (“REPRO II”) in benefit of OPESSA. See Note 26.

(14)	Provision of fuel oil, diesel and natural gas.

(15)	Purchases of energy.

(16)	Sales of natural gas, LNG and provision of regasification service of LNG in Escobar and Bahía Blanca.

(17)	Sales of natural gas and crude oil.

(18)	Provision of jet fuel.

(19)	Purchase of miles for the YPF Serviclub Program.

(20)	Sale of assets held for disposal.

(21)	Income from incentives recognized according to IAS 20. See Note 2.b.11).

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, 2022, 2021 and 2020:


	2022		2021		2020
Short-term employee benefits (1)		13		12		9
Share-based benefits		1		1		2
Post-retirement benefits		1		1		-
Termination benefits		6		2		3

		21		16		14

(1)	Does not include Social Security contributions of 3, 3 and 2 for the years ended December 31, 2022, 2021 and 2020, respectively.