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Loans (Tables) | 12 Months Ended
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Dec. 31, 2023
Text block [abstract] |
Schedule of Loans |
|  |  |  |  |  |  |  |  |  |  | 2023 |  |  | 2022 |  |  | 2021 |
|  | Interest rate (1) |  | Maturity |  |  | Non- current |  |  | Current |  |  | Non- current |  |  | Current |  |  | Non- current |  |  | Current |
Pesos: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NO |  | 122.41% |  | - |  | 126.90% |  |  | 2024 |  |  |  | - |  |  |  | 60 |  |  |  | 64 |  |  |  | 5 |  |  |  | 67 |  |  |  | 56 | (4)
Loans |  | 143.65% |  | - |  | 143.65% |  |  | 2024-2025 |  |  |  | 9 |  |  |  | 15 |  |  |  | 46 |  |  |  | 25 |  |  |  | 136 |  |  |  | 70 |
Account overdraft |  | 94.00% |  | - |  | 103.00% |  |  | 2024 |  |  |  | - |  |  |  | 56 |  |  |  | - |  |  |  | 71 |  |  |  | - |  |  |  | 8 |
|  |  |  |  |  |  |  |  |  |  |  |  | 9 |  |  |  | 131 |  |  |  | 110 |  |  |  | 101 |  |  |  | 203 |  |  |  | 134 |
Currencies other than the Peso: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
NO (2) (3) |  | 0.00% |  | - |  | 10.00% |  |  | 2024-2047 |  |  |  | 6,191 |  |  |  | 767 |  |  |  | 5,594 |  |  |  | 828 |  |  |  | 6,206 |  |  |  | 541 |
Export pre-financing |  | 1.90% |  | - |  | 10.95% |  |  | 2024-2025 |  |  |  | 102 |  |  |  | 545 | (5) |  |  | - |  |  |  | 22 |  |  |  | 12 |  |  |  | 42 | (5)
Imports financing |  |  |  | - |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 21 |  |  |  | - |  |  |  | 3 |
Loans |  | 6.28% |  | - |  | 19.54% |  |  | 2024-2030 |  |  |  | 380 |  |  |  | 65 |  |  |  | 244 |  |  |  | 168 |  |  |  | 113 |  |  |  | 125 |
|  |  |  |  |  |  |  |  |  |  |  |  | 6,673 |  |  |  | 1,377 |  |  |  | 5,838 |  |  |  | 1,039 |  |  |  | 6,331 |  |  |  | 711 |
|  |  |  |  |  |  |  |  |  |  |  |  | 6,682 |  |  |  | 1,508 |  |  |  | 5,948 |  |  |  | 1,140 |  |  |  | 6,534 |  |  |  | 845 |
(1) | Nominal annual interest rate as of December 31, 2023.
(2) | Disclosed net of 3, 9 and 4 corresponding to YPF’s own NO repurchased through open market transactions, as of December 31, 2023, 2022 and 2021, respectively.
(3) | Includes 1,327, 523 and 602 as of December 31, 2023, 2022 and 2021, respectively, of nominal value that will be canceled in pesos at the applicable exchange rate in accordance with the terms of the series issued.
(4) | Includes 45 as of December 31, 2021, of nominal value that were canceled in U.S. dollars at the applicable exchange rate according to the conditions of the issued series.
(5) | Includes 85 and 2 as of December 31, 2023 and 2021, respectively, of pre-financing of exports granted by BNA, which accrue a 1.90% fixed interest rate as of December 31, 2023 and a 5.50% weighted average rate as of December 31, 2021.
Evolution of the Loans | Set forth below is the evolution of the loans for the fiscal years ended December 31, 2023, 2022 and 2021:
|  | 2023 |  | 2022 |  | 2021
Balance at beginning of the year |  |  | 7,088 |  |  |  | 7,379 |  |  |  | 8,070 |
Proceeds from loans |  |  | 2,667 |  |  |  | 402 |  |  |  | 963 |
Payments of loans |  |  | (1,396) |  |  |  | (780) |  |  |  | (1,653) |
Payments of interest |  |  | (623) |  |  |  | (543) |  |  |  | (615) |
Account overdrafts, net |  |  | (3) |  |  |  | 71 |  |  |  | 8 |
Accrued interest (1) |  |  | 702 |  |  |  | 680 |  |  |  | 701 |
Net exchange and translation differences |  |  | (239) |  |  |  | (113) |  |  |  | (70) |
Result from debt exchange |  |  | - |  |  |  | - |  |  |  | (21) |
Result from net monetary position (2) |  |  | (6) |  |  |  | (8) |  |  |  | (4) |
Balance at the end of the year |  |  | 8,190 |  |  |  | 7,088 |  |  |  | 7,379 |
(1) | Includes capitalized financial costs.
(2) | Includes the adjustment for inflation of opening balances of loans of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income and the adjustment for inflation of the fiscal year, which was charged to net income in the statement of comprehensive income.
Detailed Information of Negotiable Obligations | Details regarding the NO of the Group are as follows:
|  |  |  |  |  |  |  |  |  |  |  |  | 2023 |  |  |  | 2022 |  | 2021
Month |  | Year |  |  | Principal value (11) |  |  | Ref. |  |  | Class |  |  | Interest rate (3) |  |  | Principal maturity |  | Non-current |  | Current |  |  |  | Non-current |  | Current |  | Non-current |  | Current
YPF |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
- |  |  | 1998 |  |  |  | U.S. dollar |  |  |  | 15 |  |  |  | (1) (6) |  |  |  | - |  |  |  | Fixed |  |  |  | 10.00% |  |  | 2028 |  |  | 15 |  |  |  | - |  |  |  |  |  | 15 |  |  |  | - |  |  |  | 15 |  |  |  | - |
April, February, October |  |  | 2014/15/16 |  |  |  | U.S. dollar |  |  |  | 866 |  |  |  | (2) (4) (6) |  |  |  | Class XXVIII |  |  |  | Fixed |  |  |  | 8.75% |  |  | 2024 |  |  | - |  |  |  | 354 |  |  |  |  |  | 346 |  |  |  | 273 |  |  |  | 606 |  |  |  | 278 |
September |  |  | 2014 |  |  |  | Peso |  |  |  | 1,000 |  |  |  | (2) (6) (7) |  |  |  | Class XXXIV |  |  |  | BADLAR + 0.1% |  |  |  | 122.41% |  |  | 2024 |  |  | - |  |  |  | - |  |  | (12) |  |  | 1 |  |  |  | 1 |  |  |  | 3 |  |  |  | 2 |
April |  |  | 2015 |  |  |  | U.S. dollar |  |  |  | 1,132 |  |  |  | (2) (6) |  |  |  | Class XXXIX |  |  |  | Fixed |  |  |  | 8.50% |  |  | 2025 |  |  | 1,132 |  |  |  | 41 |  |  |  |  |  | 1,132 |  |  |  | 41 |  |  |  | 1,132 |  |  |  | 41 |
October |  |  | 2015 |  |  |  | Peso |  |  |  | 2,000 |  |  |  | (2) (6) (7) |  |  |  | Class XLIII |  |  |  | - |  |  |  | - |  |  | - |  |  | - |  |  |  | - |  |  |  |  |  | - |  |  |  | 4 |  |  |  | 6 |  |  |  | 7 |
May |  |  | 2017 |  |  |  | Peso |  |  |  | 4,602 |  |  |  | (2) (6) (8) |  |  |  | Class LII |  |  |  | - |  |  |  | - |  |  | - |  |  | - |  |  |  | - |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 47 |
July, December |  |  | 2017 |  |  |  | U.S. dollar |  |  |  | 809 |  |  |  | (2) (6) |  |  |  | Class LIII |  |  |  | Fixed |  |  |  | 6.95% |  |  | 2027 |  |  | 816 |  |  |  | 25 |  |  |  |  |  | 818 |  |  |  | 25 |  |  |  | 816 |  |  |  | 25 |
December |  |  | 2017 |  |  |  | U.S. dollar |  |  |  | 537 |  |  |  | (2) (6) |  |  |  | Class LIV |  |  |  | Fixed |  |  |  | 7.00% |  |  | 2047 |  |  | 530 |  |  |  | 1 |  |  |  |  |  | 529 |  |  |  | 1 |  |  |  | 533 |  |  |  | 2 |
June |  |  | 2019 |  |  |  | U.S. dollar |  |  |  | 399 |  |  |  | (6) (9) |  |  |  | Class I |  |  |  | Fixed |  |  |  | 8.50% |  |  | 2029 |  |  | 397 |  |  |  | - |  |  |  |  |  | 397 |  |  |  | - |  |  |  | 397 |  |  |  | - |
June |  |  | 2020 |  |  |  | U.S. dollar |  |  |  | 78 |  |  |  | (5) (6) (9) |  |  |  | Class XII |  |  |  | - |  |  |  | - |  |  | - |  |  | - |  |  |  | - |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 75 |
July |  |  | 2020 |  |  |  | U.S. dollar |  |  |  | 341 |  |  |  | (6) (9) |  |  |  | Class XIII |  |  |  | Fixed |  |  |  | 8.50% |  |  | 2025 |  |  | 43 |  |  |  | 88 |  |  |  |  |  | 127 |  |  |  | 90 |  |  |  | 211 |  |  |  | 91 |
December, February |  |  | 2020/21 |  |  |  | U.S. dollar |  |  |  | 133 |  |  |  | (5) (6) (9) |  |  |  | Class XIV |  |  |  | - |  |  |  | - |  |  | - |  |  | - |  |  |  | - |  |  |  |  |  | - |  |  |  | 139 |  |  |  | 143 |  |  |  | - |
February |  |  | 2021 |  |  |  | U.S. dollar |  |  |  | 776 |  |  |  | (6) (9) |  |  |  | Class XVI |  |  |  | Fixed |  |  |  | 9.00% |  |  | 2026 |  |  | 307 |  |  |  | 235 |  |  |  |  |  | 542 |  |  |  | 238 |  |  |  | 740 |  |  |  | 9 |
February |  |  | 2021 |  |  |  | U.S. dollar |  |  |  | 748 |  |  |  | (6) (9) |  |  |  | Class XVII |  |  |  | Fixed |  |  |  | 9.00% |  |  | 2029 |  |  | 758 |  |  |  | - |  |  |  |  |  | 760 |  |  |  | - |  |  |  | 716 |  |  |  | - |
February |  |  | 2021 |  |  |  | U.S. dollar |  |  |  | 576 |  |  |  | (6) (9) |  |  |  | Class XVIII |  |  |  | Fixed |  |  |  | 7.00% |  |  | 2033 |  |  | 553 |  |  |  | 11 |  |  |  |  |  | 544 |  |  |  | 10 |  |  |  | 513 |  |  |  | 10 |
February |  |  | 2021 |  |  |  | Peso |  |  |  | 4,128 |  |  |  | (6) (9) (10) |  |  |  | Class XIX |  |  |  | Fixed |  |  |  | 3.50% |  |  | 2024 |  |  | - |  |  |  | 35 |  |  |  |  |  | 63 |  |  |  | - |  |  |  | 58 |  |  |  | - |
July |  |  | 2021 |  |  |  | U.S. dollar |  |  |  | 384 |  |  |  | (4) (5) (6) (9) |  |  |  | Class XX |  |  |  | Fixed |  |  |  | 5.75% |  |  | 2032 |  |  | 384 |  |  |  | 10 |  |  |  |  |  | 384 |  |  |  | 11 |  |  |  | 384 |  |  |  | 10 |
January |  |  | 2023 |  |  |  | U.S. dollar |  |  |  | 230 |  |  |  | (5) (6) (9) |  |  |  | Class XXI |  |  |  | Fixed |  |  |  | 1.00% |  |  | 2026 |  |  | 229 |  |  |  | 1 |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
January, April |  |  | 2023 |  |  |  | Peso |  |  |  | 15,761 |  |  |  | (6) (9) |  |  |  | Class XXII |  |  |  | BADLAR + 3.0% |  |  |  | 126.90% |  |  | 2024 |  |  | - |  |  |  | 25 |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
April |  |  | 2023 |  |  |  | U.S. dollar |  |  |  | 147 |  |  |  | (5) (6) (9) |  |  |  | Class XXIII |  |  |  | Fixed |  |  |  | 0.00% |  |  | 2025 |  |  | 158 |  |  |  | - |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
April |  |  | 2023 |  |  |  | U.S. dollar |  |  |  | 38 |  |  |  | (5) (6) (9) |  |  |  | Class XXIV |  |  |  | Fixed |  |  |  | 1.00% |  |  | 2027 |  |  | 38 |  |  |  | - |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
June |  |  | 2023 |  |  |  | U.S. dollar |  |  |  | 263 |  |  |  | (6) (9) |  |  |  | Class XXV |  |  |  | Fixed |  |  |  | 5.00% |  |  | 2026 |  |  | 262 |  |  |  | 1 |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
September |  |  | 2023 |  |  |  | U.S. dollar |  |  |  | 400 |  |  |  | (4) (5) (9) |  |  |  | Class XXVI |  |  |  | Fixed |  |  |  | 0.00% |  |  | 2028 |  |  | 400 |  |  |  | - |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
October |  |  | 2023 |  |  |  | U.S. dollar |  |  |  | 128 |  |  |  | (5) (9) |  |  |  | Class XXVII |  |  |  | Fixed |  |  |  | 0.00% |  |  | 2028 |  |  | 169 |  |  |  | - |  |  |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,191 |  |  |  | 827 |  |  |  |  |  | 5,658 |  |  |  | 833 |  |  |  | 6,273 |  |  |  | 597 |
(1) | Corresponds to the 1997 MTN Program for 1,000.
(2) | Corresponds to the 2008 MTN Program for 10,000 .
(3) | Nominal annual interest rate as of December 31, 2023.
(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 NO 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 Company 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 U.S. dollar at the exchange rate applicable in accordance with the conditions of the relevant issued series.
(9) | Corresponds to the Frequent Issuer Regime 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.
(11) | Total nominal value issued without including the nominal values canceled through exchanges, expressed in millions.
(12) | As of December 31, 2023 the registered amount is less than 1.

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