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Balances and Transactions with Related Parties (Tables)

12 Months Ended

Dec. 31, 2024

Balances and Transactions with Associates and Joint Ventures

The information in the tables below details the balances with associates and joint ventures as of December 31, 2024, 2023 and 2022:


	2024
	Other receivables					Trade receivables			Investments in financial assets					Accounts payable			Contract assets
	Non- current		Current			Current			Non-current		Current			Current			Current
Joint Ventures:
YPF EE		-		5			4			-		3			43			-
Profertil		-		-	(2)		14			-		-			17			-
MEGA		-		-			50			-		-			1			16
Refinor		-		-			11			-		-			1			-
Y-GEN Eléctrica S.A.U. (1)		-		-			-			-		-			-			-
OLCLP		-		-	(2)		-	(2)		-		-			3			-
Sustentator		-		-			-	(2)		-		-			-			-
CT Barragán		-		-			-			-		-			-			-
OTA		-		-			-	(2)		-		-			2			-
OTC		-		-			-			-		-			-			-

		-		5			79			-		3			67			16


Associates:
CDS		-		-	(2)		1			-		-			-			-
YPF Gas		-		1			20			-		-			1			-
Oldelval		140		4			-	(2)		-		4			13			-
Termap		-		-			-			-		-			3			-
GPA		-		-			-			-		-			4			-
Oiltanking		19		8			-	(2)		-		-	(2)		4			-
Gas Austral		-		-			-	(2)		-		-			-	(2)		-
VMOS		-		17			-			-		-			-			-

		159		30			21			-		4			25			-

		159		35			100			-		7			92			16


	2023
	Other receivables					Trade receivables			Investments in financial assets					Accounts payable			Contract assets
	Non- current		Current			Current			Non-current			Current		Current			Current
Joint Ventures:
YPF EE		-		5			5			4			-		39			-
Profertil		-		-	(2)		15			-			-		15			-
MEGA		-		-			15			-			-		-	(2)		3
Refinor		-		-			12			-			4		1			-
Y-GEN Eléctrica S.A.U. (1)		-		-			-			-			-		-			-
OLCLP		-		-	(2)		-			-			-		2			-
Sustentator		-		-			-			-			-		-			-
CT Barragán		-		-			-			-			-		-			-
OTA		-		-	(2)		-	(2)		-			-		1			-
OTC		-		-			-			-			-		1			-

		-		5			47			4			4		59			3


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

		43		1			6			4			-		18			-

		43		6			53			8			4		77			3


	2022
	Other receivables					Trade receivables			Investments in financial assets				Accounts payable			Contract assets
	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			-
Y-GEN Eléctrica S.A.U. (1)		-		-			-	(2)		-		-		-			-
OLCLP		-		-	(2)		-			-		-		2			-
Sustentator		-		-			-			-		-		-	(2)		-
CT Barragán		-		-			-			-		-		-			-
OTA		-		-			-			-		-		-	(2)		-
OTC		-		-			-			-		-		-			-

		-		4			70			-		-		58			-


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

		-		20			9			-		-		22			-

		-		24			79			-		-		80			-

(1)	Company merged with YPF EE as of January 1, 2023.

(2)	The registered amount is less than 1.

The information in the table below details the transactions with associates and joint ventures as of December 31, 2024, 2023 and 2022:


	2024									2023									2022
	Revenues			Costs and expenses			Net interest income (loss)			Revenues			Costs and expenses			Net interest income (loss)			Revenues			Costs and expenses			Net interest income (loss)
Joint Ventures:
YPF EE		25			110			-	(2)		24			115			1			33			126			-
Profertil		100			121			-	(2)		73			135			-	(2)		76			208			-
MEGA		362			10			-	(2)		256			3			1			242			-	(2)		-	(2)
Refinor		68			11			2			94			22			-	(2)		142			35			-	(2)
Y-GEN Eléctrica S.A.U. (1)		-			-			-			-			-			-			-	(2)		-			-
OLCLP		1			14			-			1			13			-			1			11			-
Sustentator		-	(2)		-	(2)		-			1			-	(2)		-			-			-	(2)		-
CT Barragán		-	(2)		-			-			-	(2)		-			-			-	(2)		-			-
OTA		-	(2)		20			-			-	(2)		8			-			-	(2)		3			-
OTC		-			-	(2)		-			-			3			-			-			-			-

		556			286			2			449			299			2			494			383			-


Associates:
CDS		1			-			-	(2)		-	(2)		-			-			-	(2)		-			-	(2)
YPF Gas		67			3			-	(2)		52			6			1			77			9			-	(2)
Oldelval		1			62			-	(2)		-	(2)		60			-	(2)		1			50			-	(2)
Termap		-			23			-			-			22			-			-			21			-
GPA		-			21			-			-			16			-			-			17			-
Oiltanking		-	(2)		30			-			-	(2)		26			-			-	(2)		28			-
Gas Austral		3			-	(2)		-			3			-	(2)		-	(2)		5			-	(2)		-
VMOS		-			-			-			-			-			-			-			-			-

		72			139			-			55			130			1			83			125			-

		628			425			2			504			429			3			577			508			-

(1)	Company merged with YPF EE as of January 1, 2023.

(2)	The registered amount is less than 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 clients 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 (17)								Transactions
		Receivables / (Liabilities)								Income / (Costs)
Clients / Suppliers	Ref.	2024			2023			2022		2024			2023			2022
SE	(1) (16)		20			23			72		150			195			192
SE	(2) (16)		6			2			9		6			6			15
SE	(3) (16)		-	(18)		-	(18)		1		-			-			-
SE	(4) (16)		5			4			7		10			7			8
SE	(5) (16)		7			8			38		-			-			-
Secretariat of Transport	(6) (16)		-	(18)		2			8		3			25			51
ARCA	(7) (16)		-			20			38		-			83			52
Secretariat of Industry	(8) (16)		-			-			-		-			-	(18)		2
CAMMESA	(9)		80			59			109		443			374			403
CAMMESA	(10)		(2)			(3)			(4)		(46)			(49)			(26)
ENARSA	(11)		67			25			71		223			141			130
ENARSA	(12)		(68)			(62)			(97)		(63)			(52)			(30)
Aerolíneas Argentinas S.A.	(13)		27			43			89		319			383			416
Aerolíneas Argentinas S.A.	(14)		-	(18)		-			-		-	(18)		(1)			(2)
Agua y Saneamientos Argentinos S.A.	(15)		-			2			10		-			-			-

(1)	Benefits for the Plan GasAr 2020-2024 and Plan GasAr 2023-2028. See Note 36.d.1).

(2)	Benefits for the propane gas supply agreement for undiluted propane gas distribution networks. See Note 36.d.2).

(3)

Benefits for the 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.

(4)	Compensation for the lower income that Natural Gas Distribution Service by Networks licensed companies receive from their users for the benefit of Metrogas. See Note 36.c.3).

(5)	Compensation by Decree No. 1,053/2018. See Note 36.c.1).

(6)	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.

(7)	Benefits of the RIAIC. See Note 36.f.3).

(8)	Incentive for domestic manufacturing of capital goods, for the benefit of AESA, 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.

(9)	Sales of fuel oil, diesel, natural gas and transportation and distribution service.

(10)	Purchases of electrical energy.

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

(12)	Purchases of natural gas and crude oil.

(13)	Sales of jet fuel.

(14)	Purchases of miles for YPF Serviclub Program and publicity expenses.

(15)	Sale of assets classified as “Assets held for sale”.

(16)	Income from incentives recognized according to IAS 20. See Note 2.b.12) “Income from Government incentive programs” section.

(17)	Do not include, if applicable, the provision for doubtful trade receivables.

(18)	The registered amount is less than 1.

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 first-line executives, managers with executive functions appointed by the Board of Directors, for the years ended December 31, 2024, 2023 and 2022:


	2024		2023			2022
Short-term benefits (1)		28		10			13
Share-based benefits		30		1			1
Post-retirement benefits		1		-	(2)		1
Termination benefits		-		3			6

		59		14			21

(1)	Does not include social security contributions of 6, 2 and 3 for the years ended December 31, 2024, 2023 and 2022, respectively.

(2)	The registered amount is less than 1.