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Balances and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2023

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, 2023, 2022 and 2021 and transactions with the mentioned parties for the years ended on such dates.


	2023
	Other receivables				Trade receivables		Investments in financial assets				Accounts payable		Contract liabilities
	Non-current		Current		Current		Non-current		Current		Current		Current
Joint Ventures:

YPF EE		-		5		5		4		-		39		-
Profertil		-		-		15		-		-		15		-
MEGA		-		-		15		-		-		-		-
Refinor		-		-		12		-		4		1		-
OLCLP		-		-		-		-		-		2		-
Sustentator		-		-		-		-		-		-		-
CT Barragán		-		-		-		-		-		-		-
OTA		-		-		-		-		-		1		-
OTC		-		-		-		-		-		1		-

		-		5		47		4		4		59		-


Associates:
CDS		-		-		-		-		-		-		-
YPF Gas		-		1		6		-		-		1		-
Oldelval		43		-		-		4		-		10		-
Termap		-		-		-		-		-		2		-
GPA		-		-		-		-		-		1		-
Oiltanking		-		-		-		-		-		4		-
Gas Austral		-		-		-		-		-		-		-

		43		1		6		4		-		18		-

		43		6		53		8		4		77		-


	2022
	Other receivables				Trade receivables		Investments in financial assets				Accounts payable		Contract liabilities
	Non-current		Current		Current		Non-current		Current		Current		Current
Joint Ventures:
YPF EE		-		4		6		-		-		40		-
Profertil		-		-		8		-		-		12		-
MEGA		-		-		43		-		-		1		-
Refinor		-		-		13		-		-		3		-
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		Investments in financial assets				Accounts payable		Contract liabilities
	Non-current		Current		Current		Non-current		Current		Current		Current
Joint Ventures:

YPF EE		-		4		12		-		8		33		1
Profertil		-		-		11		-		-		9		-
MEGA		-		-		43		-		-		6		-
Refinor		-		-		19		-		-		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


	2023						2022						2021
	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:
YPF EE		24		115		1		33		126		-		64		100		-
Profertil		73		135		-		76		208		-		56		115		-
MEGA		256		3		1		242		-		-		197		13		-
Refinor		94		22		-		142		35		-		130		15		-
OLCLP		1		13		-		1		11		-		1		8		-
Sustentator		1		-		-		-		-		-		-		-		-
CT Barragán		-		-		-		-		-		-		-		2		-
OTA		-		8		-		-		3		-		-		-		-
OTC		-		3		-		-		-		-		-		-		-

		449		299		2		494		383		-		448		253		-

Associates:
CDS		-		-		-		-		-		-		4		-		(1	)
YPF Gas		52		6		1		77		9		-		58		8		-
Oldelval		-		60		-		1		50		-		-		36		-
Termap		-		22		-		-		21		-		-		19		-
GPA		-		16		-		-		17		-		-		18		-
Oiltanking		-		26		-		-		28		-		-		25		-
Gas Austral		3		-		-		5		-		-		5		-		-

		55		130		1		83		125		-		67		106		(1	)

		504		429		3		577		508		-		515		359		(1	)

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 client/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.	2023		2022		2021		2023		2022		2021

SGE	(1) (18)		-		-		16		-		-		39
SGE	(2) (18)		23		72		43		195		192		169
SGE	(3) (18)		2		9		4		6		15		8
SGE	(4) (18)		-		1		2		-		-		-
SGE	(5) (18)		4		7		1		7		8		9
SGE	(6) (18)		8		38		66		-		-		-
Ministry of Transport	(7) (18)		2		8		8		25		51		67
AFIP	(8) (18)		20		38		-		83		52		-
Secretary of Industry	(9) (18)		-		-		-		-		2		6
Ministry of Work, Employment and Social Security and AFIP	(10) (18)		-		-		-		-		-		2
CAMMESA	(11)		59		109		125		374		403		587
CAMMESA	(12)		(3)		(4)		(11)		(49)		(26)		(85)
ENARSA	(13)		25		71		87		141		130		123
ENARSA	(14)		(62)		(97)		(77)		(52)		(30)		(34)
Aerolíneas Argentinas S.A.	(15)		43		89		26		383		416		127
Aerolíneas Argentinas S.A.	(16)		-		-		-		(1)		(2)		(2)
Agua y Saneamientos Argentinos S.A.	(17)		2		10		17		-		-		32

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

(2)	Benefits for the Plan GasAr 2020-2024 and Plan GasAr 2023-2028. See Note 35.d.1).

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

(4)

Benefits for recognition of the financial cost generated by payment deferral by providers of the distribution service of natural gas 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.

(5)	Compensation for the lower income that Natural Gas Piping Distribution Service licensed companies receive from their users for the benefit of Metrogas.

(6)	Compensation by Decree No. 1,053/2018. See Note 35.c.1).

(7)	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.

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

(9)

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.

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

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

(12)	Purchases of electrical energy.

(13)	Sales of natural gas and provision of regasification service of LNG and construction inspection service.

(14)	Purchases of natural gas and crude oil.

(15)	Sales of jet fuel.

(16)	Purchases of miles for the YPF Serviclub Program.

(17)	Sales of assets held for disposal.

(18)	Income from incentives recognized according to IAS 20. See Note 2.b.12).

Summary of Compensation of Key Management Personnel

The table below discloses the accrued 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, 2023, 2022 and

2021:


	2023		2022		2021
Short-term employee benefits (1)		10		13		12
Share-based benefits		1		1		1
Post-retirement benefits		-		1		1
Termination benefits		3		6		2

		14		21		16

(1)	Does not include social security contributions of 2, 3 and 3 for the years ended December 31, 2023, 2022 and 2021, respectively.