Lease liabilities

12 Months Ended

Dec. 31, 2022

20.	LEASE LIABILITIES


	2022				2021				2020
	Non-current		Current		Non-current		Current		Non-current		Current
Lease liabilities		272		294		276		266		288		263

These liabilities are discounted at the following rates:


Lease term	2022		Effective average monthly rate used			2021		Effective average monthly rate used			2020		Effective average monthly rate used
0 to 1 year		39		1.07	%		32		0.80	%		64		0.93	%
1 to 2 years		198		1.54	%		116		1.03	%		125		0.76	%
2 to 3 years		144		1.23	%		150		1.15	%		79		0.79	%
3 to 4 years		81		1.28	%		109		1.25	%		115		0.87	%
4 to 5 years		43		0.95	%		42		0.96	%		32		0.92	%
5 to 9 years		45		0.79	%		86		0.89	%		94		0.92	%
More than 9 years		16		0.82	%		7		0.80	%		42		0.82	%

		566					542					551

Financial expenses accrued as of year ended December 31, 2022, 2021 and 2020, resulting from lease contracts, amount to 75, 57 and 84, respectively. From this accreation, 61, 46 and 70 were included in the “Financial Accretion” line in financial costs of the “Net Financial Results” item of the comprehensive statement of income and 14, 11 and 14 were capitalized in the “Property, Plant and Equipment”, for the years ended December 31, 2022, 2021 and 2020, respectively.

As of December 31, 2022, maturities of liabilities related to lease contracts are exposed on Note 4.

The evolution of the Group’s leases liabilities for the fiscal year ended December 31, 2022, 2021 and 2020 is as follows:


	2022		2021		2020
Balance at the beginning of the year		542		551		1,033

Leases increase		306		284		149
Financial accretions		75		57		84
Leases decrease		(15)		(46)		(380)	(2)
Payments		(341)		(302)		(331)
Exchange and Translation effect, net		(2)		(1)		(3)
Result from net monetary position (1)		1		(1)		(1)

Balance at the end of year		566		542		551

(1)	Includes the adjustment for inflation of opening balances of lease liabilities of subsidiaries with the Peso as functional currency, which was charged to other comprehensive income and the adjustment for inflation of the period, which was charged to results.

(2)	Includes decrease in liquefaction barge with Exmar. See Note 34.d).

Total charges recorded in comprehensive income for the fiscal year and total capitalizations for short-term leases, low-value leases and variable lease payments related to the underlying asset performance and/or use, amounted to 238, 115 and 167 as of December 31, 2022, 2021 and 2020, respectively.