CONTRACTUAL OBLIGATIONS

12 Months Ended

Dec. 31, 2018

22.	CONTRACTUAL OBLIGATIONS

As of December 31, 2018, 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⁾		27,120,439		-		1,272,376		3,817,125		2,544,750		19,486,188
Purchase obligations ⁽²⁾		4,836,612		-		3,396,343		1,440,269		-		-
Financial Leases		2,199,572		56,892		281,995		564,068		564,050		732,567
Total		34,156,623		56,892		4,950,714		5,821,462		3,108,800		20,218,755

⁽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.

The totality of the financial indebtedness of TGS and 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, 2018 (U.S.$ 1.00 = Ps. 37.7). The amounts to be paid in pesos could vary depending on the actual fluctuations in the exchange rate. For further information, see Note 17.a.

(a)	Guarantees granted and goods of restricted availability

The Company has not granted any additional guarantees other than those set out in the remaining notes.