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CONTRACTUAL OBLIGATIONS | 12 Months Ended
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Dec. 31, 2017
CONTRACTUAL OBLIGATIONS [Abstract] |
CONTRACTUAL OBLIGATIONS |
| 21. | CONTRACTUAL OBLIGATIONS
As of December 31, 2017, the Company had the following contractual commitments:
|  |  |  |  |  | Estimated maturity date |  |  |  |  |  |  |  |  |
|  |  | Total |  |  | Due less than one year |  |  | Less than one year |  |  | 1-2 years |  |  | 3-5 years |  |  | More than 5 years |
Financial indebtedness (1) |  |  |  | 4,088.8 |  |  |  | - |  |  |  | 1,477.6 |  |  |  | 2,611.2 |  |  |  | - |  |  |  | - |
Purchase obligations (2) |  |  |  | 565.3 |  |  |  | - |  |  |  | 565.3 |  |  |  | - |  |  |  | - |  |  |  | - |
Financial Leases |  |  |  | 1,227.6 |  |  |  | 28.1 |  |  |  | 139.5 |  |  |  | 279.0 |  |  |  | 279.0 |  |  |  | 501.9 |
Total |  |  |  | 5,881.7 |  |  |  | 28.1 |  |  |  | 2,182.4 |  |  |  | 2,890.2 |  |  |  | 279.0 |  |  |  | 501.9 |
(1) | Corresponds to the cancellation of principal and interest of the financial indebtedness. For further information, see Note 13
(2) | Corresponds to purchase of natural gas contracts for the processing of liquids.
Almost all the financial indebtedness of TGS and the totality of the obligations corresponding to gas purchases are denominated in U.S. dollars which have been translated into Argentine pesos at the exchange rate as of December 31, 2017 (U.S.$ 1.00 = Ps. 18.659). The amounts to be paid in pesos could vary depending on the actual fluctuations in the exchange rate. For future information, see Note 16.1.1. Additionally, see Note 20 - Technical, Financial and Operational Assistance Agreement.

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