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JOINT ARRANGEMENTS

12 Months Ended

Dec. 31, 2018

JOINT ARRANGEMENTS [Abstract]

JOINT ARRANGEMENTS

10. JOINT ARRANGEMENTS

TGS jointly with SACDE applied for the public tender launched by the Argentine Government for the construction of a connection pipeline in the province of Santa Fe. This tender was finally obtained by the UT whose sole purpose is the execution of such works that would extend until March 31, 2019. For further information, see Note 23.

The Company participates in the UT in a percentage of 51% on the rights of the assets and on the obligations related to them. TGS consolidates line by line assets, liabilities and results of the UT based on the aforementioned percentage of participation.

The breakdown of the amounts included in the statements of financial position related to the Company’s participation in the UT and as of December 31, 2018 and 2017 and for the three years ended December 31, 2018 is the following:

		2018				2017
Consolidated Statements of financial position
Non Current assets			-				-
Current Assets			195,439				99,816
Total			195,439				99,816
Non Current Liabilities			-				-
Current Liabilities			169,843				99,726
Total			169,843				99,726
			2018				2017
Consolidated Statements of comprehensive income
Gross profit			33,876				797
Operating profit / (loss)			24,388				(25	)
Net Financial results			1,047				226
Comprehensive income			25,435				201

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The disclosure of joint ventures. [Refer: Joint ventures [member]]

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