7.	CONSOLIDATED BUSINESS SEGMENT INFORMATION

IFRS 8 “Operating Segments” requires an entity to report financial and descriptive information about its reportable segments, which are operating segments or aggregations of operating segments that meet specified criteria. Operating segments are components of an entity about which separate financial information is available that is evaluated regularly by the CODM in deciding how to allocate resources and in assessing performance. The Company’s CODM is the Board of Directors.

Operating segments identified are disclosed as reportable segments if they meet any of the following quantitative thresholds:

•

Reported revenues of the operating segments are 10% or more of the combined revenue, internal and external, of all operating segments;

•

The absolute amount of reported profit or loss is 10% or more of the greater, in absolute amount, of (i) the combined reported profit of all operating segments that did not report a loss and (ii) the combined reported loss of all operating segments that reported a loss.

•

Assets are 10% or more of the combined assets of all operating segments

As well as this, the operating segments that do not meet any of the quantitative thresholds can be considered as reportable segments if the management estimates that this information could be useful for the users of the financial statements.

If, after determining reportable segments in accordance with the preceding quantitative thresholds, the total external revenue attributable to those segments amounts to less than 75% of the total Company’s consolidated external revenue, additional segments are identified as reportable segments, even if they do not meet the thresholds described above, until at least 75% of the Company’s consolidated external revenue is included in reportable segments.

Segment information has been prepared and classified according to different types of businesses in which the Company conducts its activities. The four reportable segments are: (i) Natural Gas Transportation; (ii) Production and Commercialization of Liquids; (iii) Other services and (iv) Telecommunications. For more information regarding the services provided in each of the business segments, see Note 4.p.

Detailed information on each business segment for the years ended December 31, 2018, 2017 and 2016 is disclosed below:

Year ended December 31, 2018
	Natural Gas Transportation			Production and Commercialization of Liquids			Other Services			Telecommunications			Eliminations			Total
Revenues		15,462,061			16,627,429			1,810,109			163,071			-			34,062,670
Intercompany revenues		598,414			-			-			-			(598,414	)		-
Cost of sales		(5,164,278	)		(10,485,998	)		(1,054,245	)		(82,203	)		598,414			(16,188,310	)
Administrative expenses		(835,134	)		(84,062	)		(35,980	)		(6,637	)		-			(961,813	)
Selling expenses		(953,729	)		(640,173	)		(143,451	)		(27,348	)		-			(1,764,701	)
Other operating expenses		(156,283	)		(726,732	)		(5,445	)		(2,327	)		-			(890,787	)
Operating profit		8,951,051			4,690,464			570,988			44,556			-			14,257,059
Depreciation of property, plant and equipment		(1,880,377	)		(113,737	)		(228,969	)		-			-			(2,223,083	)

	Natural Gas Transportation		Production and Commercialization of Liquids		Other Services		Telecommunications		Total
Identifiable assets		45,246,427		9,040,987		7,554,646		100,967		61,943,027
Identifiable Liabilities		16,738,045		1,496,225		12,717,432		46,020		30,997,722

Year ended December 31, 2017
	Natural Gas Transportation			Production and Commercialization of Liquids			Other Services			Telecommunications			Eliminations			Total
Revenues		7,456,052			11,173,975			1,199,170			124,069			-			19,953,266
Intercompany revenues		245,161			-			-			-			(245,161	)		-
Cost of sales		(4,178,865	)		(7,271,556	)		(655,830	)		(74,592	)		245,161			(11,935,682	)
Administrative expenses		(597,122	)		(93,720	)		(36,475	)		(6,557	)		-			(733,874	)
Selling expenses		(419,570	)		(265,336	)		(106,916	)		(15,474	)		-			(807,296	)
Other operating expenses		(327,245	)		64,694			(9,198	)		154			-			(271,595	)
Operating profit		2,178,411			3,608,057			390,751			27,600			-			6,204,819
Depreciation of property, plant and equipment		(1,695,112	)		(95,318	)		(229,786	)		-			-			(2,020,216	)

	Natural Gas Transportation		Production and Commercialization of Liquids		Other Services		Telecommunications		Total
Identifiable assets		34,792,004		6,846,690		3,069,476		145,257		44,853,427
Identifiable Liabilities		15,451,091		2,176,705		1,907,129		38,913		19,573,838

Year ended December 31, 2016
	Natural Gas Transportation			Production and Commercialization of Liquids			Other Services			Telecommunications			Eliminations			Total
Revenues		4,162,220			9,404,793			956,948			121,549			-			14,645,510
Intercompany revenues		138,502			-			-			-			(138,502	)		-
Cost of sales		(3,259,674	)		(6,407,872	)		(433,877	)		(62,503	)		138,502			(10,025,424	)
Administrative expenses		(784,885	)		(61,573	)		(27,850	)		(6,459	)		-			(880,767	)
Selling expenses		(239,294	)		(353,913	)		(87,741	)		(14,910	)		-			(695,858	)
Other operating expenses		(90,032	)		(37,417	)		(2,350	)		(845	)		-			(130,644	)
Operating profit		(73,163	)		2,544,018			405,130			36,832			-			2,912,817
Depreciation of property, plant and equipment		(1,884,543	)		(87,926	)		(122,949	)		-			-			(2,095,418	)