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Right-of-use Assets
 12 Months Ended
Dec. 31, 2024
Text Block1 [Abstract]  
Right-of-use Assets
9.
RIGHT-OF-USE
ASSETS
Lease contracts in which the Group is the lessee mainly correspond to:
 
  -
Land and buildings, which include:
 
  (i)
Reservoirs and land necessary to mount surface installations for the underground storage of natural gas, whose contracts have an average term of 4 years and establish minimum guaranteed payments based on the contractual terms and conditions.
 
  (ii)
Permits for the use of ports and land, whose contracts have an average term of 9 years and establish minimum guaranteed payments based on the contractual terms and conditions.
 
  -
Exploitation equipment and facilities, which include drilling and workover equipment and lifting pumps. These contracts with an average term of 6 years, establish minimum guaranteed payments on the basis of the availability the Group has over these assets, and variable payments calculated on the basis of a rate per unit of use (per hour or day).
 
  -
Machinery and equipment, which include:
 
  (i)
Equipment for natural gas compression and power generation, whose contracts have an average term of 5 years and establish minimum payments based on the available power, and variable payments calculated on the basis of a rate per generation unit.
 
  (ii)
Regasification and gas liquefaction equipment, whose contracts have an average term of 5 years and establish minimum guaranteed payments based on the availability the Group has over these assets.
 
  -
Gas stations, whose contracts include the lease of land and associated facilities, have an average term of 10 years and establish payments based on a given quantity of fuel.
 
  -
Transportation equipment, which include:
 
  (i)
Vessels and barges for hydrocarbon transportation, whose contracts have an average term of 3 years and establish minimum guaranteed payments based on the availability the Group has over these assets.
 
  (ii)
Truck fleets, whose contracts have an average term of 2 years and establish variable payments estimated on the basis of a rate per unit of use (per kilometer travelled). In some cases, minimum payments are stipulated based on the availability the Group has over these assets.
 
The evolution of the Group’s
right-of-use
assets as of December 31, 2024, 2023 and 2022 is as follows:
 
     Land and
buildings		    Exploitation
facilities and
equipment		    Machinery
and
equipment		    Gas
stations		    Transportation
equipment		    Total    
Cost
      33        352        281        101        305        1,072    
Accumulated depreciation
      11        222        164        36        120        553    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
Balance as of December 31, 2021
      22        130        117        65        185        519    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
Cost
                    
Increases
      2        148        17        5        134        306    
Translation effect
      -        -        -        (8)        -        (8)    
Adjustment for inflation
(2)
      1        -        -        11        -        12    
Decreases, reclassifications and other movements
      (3)        (5)        (15)        (9)        (69)        (101)    
Accumulated depreciation
                    
Increases
      9        81        57        12        112        271    
(1)
 
Translation effect
      -        -        -        (4)        -        (4)    
Adjustment for inflation
(2)
      -        -        -        5        -        5    
Decreases, reclassifications and other movements
      (1)        (2)        (12)        (5)        (65)        (85)    
Cost
      33        495        283        100        370        1,281    
Accumulated depreciation
      19        301        209        44        167        740    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
Balance as of December 31, 2022
      14        194        74        56        203        541    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
Cost
                    
Increases
      13        93        169        1        128        404    
Translation effect
      (1)        -        -        (18)        -        (19)    
Adjustment for inflation
(2)
      -        -        -        11        -        11    
Decreases, reclassifications and other movements
      (5)        (21)        (1)        -        -        (27)    
Accumulated depreciation
                    
Increases
      6        119        43        9        111        288    
(1)
 
Translation effect
      (1)        -        -        (10)        -        (11)    
Adjustment for inflation
(2)
      -        -        -        6        -        6    
Decreases, reclassifications and other movements
      -        (4)        -        -        -        (4)    
Cost
            40             567              451                94        498        1,650    
Accumulated depreciation
      24        416        252        49        278        1,019    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
Balance as of December 31, 2023
      16        151        199        45        220        631    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
Cost
                    
Increases
      12        16        219        11        186        444    
Translation effect
      -        -        -        (3)        -        (3)    
Adjustment for inflation
(2)
      1        -        -        14        -        15    
Decreases, reclassifications and other movements
      (1)        (15)        (59)        (2)        (11)        (88)    
Accumulated depreciation
                    
Increases
      7        101        88        12        123        331    
(1)
 
Translation effect
      -        -        -        (3)        -        (3)    
Adjustment for inflation
(2)
      1        -        -        10        -        11    
Decreases, reclassifications and other movements
      -        (15)        (56)        (1)        (11)        (83)    
Cost
      52        568        611        114        673        2,018    
Accumulated depreciation
      32        502        284        67        390              1,275    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
Balance as of December 31, 2024
      20        66        327        47        283        743    
  
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
  
 
(1)
Includes 270, 220 and 214 that were charged to “Depreciation of
right-of-use
assets” line in the statement of comprehensive income for the years ended December 31, 2024, 2023 and 2022, respectively, (see Note 27), and includes 61, 68 and 57 that were capitalized in “Property, plant and equipment” in the statement of financial position (see Note 8).
(2)
Corresponds to adjustment for inflation of opening balances of
right-of-use
assets of subsidiaries with the peso as functional currency which was charged to “Other comprehensive income” in the statement of comprehensive income.
Likewise, in accordance with IFRS 8,
right-of-use
assets are geographically located in Argentina.