DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS (Tables)

12 Months Ended

Dec. 31, 2018

DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS [Abstract]

a)	Other receivables

	2018				2017
	Current		Non Current		Current		Non Current
VAT credit balance		300,272		-		155,570		-
Other tax receivables		9,988		2,044		10,674		3,786
Prepaid expenses		47,756		-		32,162		-
Advances to suppliers		1,850,997		-		554,417		-
Subsidies receivables		292,866		-		255,886		-
Guaranteed deposits		1,139		-		-		-
Other Receivables UT		29,706	-			3,318		-
Others		130,334		6,189		14,576		14,088
Total		2,663,058	8,233			1,026,603		17,874

Trade Receivables

b)	Trade receivables

	2018					2017
	Current			Non Current		Current		Non Current
Commons		2,898,908			-		2,965,995		4,511
UT		20,442			-		225,565		-
Natural Gas Transportation		1,657,456			-		1,314,592		-
Production and Commercialization of Liquids		1,092,536			-		1,342,194		-
Other services		128,474			-		83,644		4,511
Related parties (Note 21)		348,112			-		36,437		-
Natural Gas Transportation		73,243			-		14,302		-
Production and Commercialization of Liquids		8,124			-		-		-
Other services		266,745			-		22,135		-
Allowance for doubtful accounts		(132,521	)		-		-		-
Total		3,114,499			-		3,002,432		4,511

The movement of the allowance for doubtful accounts is as follows:

	For doubtful accounts
Balances as of 12/31/2016		36,304
Inflation adjustment restatement		(12,909	)
Additions		-
Applications		-
Decreases ⁽¹⁾		(23,395	)
Balances as of 12/31/2017		-
Additions ⁽¹⁾		132,521
Applications		-
Decreases		-
Balances as of 12/31/2018		132,521

⁽¹⁾	The total amount is recorded in Selling Expenses

Cash and Cash Equivalents

c)	Cash and cash equivalents

	2018		2017
Cash and banks		5,964,008		981,710
UT Cash and banks		153		695
Mutual funds		610,108		-
Bank account		2,146,801		1,866,194
Interest-bearing accounts		7,909,391		973,646
UT Mutual funds		14,366		94,502
Total		16,644,827		3,916,747

Contract Liabilities

d)	Contract liabilities

	12/31/2018				1/1/2018
	Current		Non Current		Current		Non Current
Natural Gas Transportation		67,978		1,198,855		101,990		1,257,599
Production and Commercialization of Liquids		25,514		255,075		14,546		269,614
Other services		2,018		15,121		11,888		7,927
UT		34,068		-		88,396		-
Total		129,578		1,469,051		216,820		1,535,140

Advances from Customers

e)	Advances from customers

	2018				2017
	Current		Non Current		Current		Non Current
Natural Gas Transportation		-		-		101,990		1,257,599
Production and Commercialization of Liquids		-		-		14,546		269,614
Other Services		-		-		11,888		7,927
UT		-		-		88,396		-
Total		-		-		216,820		1,535,140

Other Payables

f)	Other payables

	2018				2017
	Current		Non Current		Current		Non Current
UT Other liabilities		73,621		-		-		-
Provision for compensation for the Board of Directors and Supervisory Committee Supervisory Commitee		5,409		-		-		-
Justice fee payable		-		-		47,072		-
Others		1,644		-		2,459		-
Total		80,674		-		49,531		-

Taxes Payables

g)	Taxes payables

	2018				2017
	Current		Non Current		Current		Non Current
Withholdings for income tax made to third parties		110,623		-		79,749		-
Health and safety tax		8,790		-		-		-
Turnover Tax		62,714		-		42,613		-
UT Others		2,752		-		-		-
Others		17,343		-		20,200		-
Total		202,222		-		142,562		-

Trade Payables

h)	Trade payables

	2018				2017
	Current		Non Current		Current		Non Current
Suppliers		2,798,453		-		1,967,080		-
UT Suppliers		90,252		-		11,236		-
Customers (credit balances)		2,235		-		15,851		-
Related parties (Note 21)		201,097		-		151,571		-
Total		3,092,037		-		2,145,738		-

Revenues

	2018		2017		2016
Sales of goods and services		33,655,943		19,605,611		14,331,482
Subsidies		406,727		347,655		314,028
Total		34,062,670		19,953,266		14,645,510

Disaggregation of Revenues

Below is a table in which revenues are disaggregated considering the type of market and the opportunity to satisfy performance obligations:

Year ended December 31, 2018
	Natural gas transportation		Production and commercialization of liquids		Other services		Telecommunications		Total
Primary geographical market:
External market		-		6,025,445		-		-		6,025,445
Domestic market		15,462,061		10,601,984		1,810,109		163,071		28,037,225
Total		15,462,061		16,627,429		1,810,109		163,071		34,062,670

Timing of revenue recognition:
Over the time		15,462,061		705,309		1,810,109		163,071		18,140,550
At a point in time		-		15,922,120		-		-		15,922,120
Total		15,462,061		16,627,429		1,810,109		163,071		34,062,670

Year ended December 31, 2017
	Natural gas transportation		Production and commercialization of liquids		Other services		Telecommunications		Total
Primary geographical market:
External market		-		4,332,548		-		-		4,332,548
Domestic market		7,456,052		6,841,427		1,199,170		124,069		15,620,718
Total		7,456,052		11,173,975		1,199,170		124,069		19,953,266

Timing of revenue recognition:
Over the time		7,456,052		534,842		1,199,170		124,069		9,314,133
At a point in time		-		10,639,133		-		-		10,639,133
Total		7,456,052		11,173,975		1,199,170		124,069		19,953,266

Year ended December 31, 2016
	Natural gas transportation		Production and commercialization of liquids		Other services		Telecommunications		Total
Primary geographical market:
External market		-		2,841,403		-		-		2,841,403
Domestic market		4,162,220		6,563,390		956,948		121,549		11,804,107
Total		4,162,220		9,404,793		956,948		121,549		14,645,510

Timing of revenue recognition:
Over the time		4,162,220		570,904		956,948		121,549		5,811,621
At a point in time		-		8,833,889		-		-		8,833,889
Total		4,162,220		9,404,793		956,948		121,549		14,645,510

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

i.	Natural Gas Transportation:

	2018		2017		2016
Firm		12,243,699		5,831,927		2,988,232
Access and Charge		565,809		433,575		420,897
Interruptible and Others		2,652,553		1,190,550		753,091
Total		15,462,061		7,456,052		4,162,220

ii.	Production and Commercialization of Liquids:


	2018		2017		2016
Product		15,515,393		10,255,416		8,062,864
Services		705,309		570,904		1,027,901
Government grants		406,727		347,655		314,028
Total		16,627,429		11,173,975		9,404,793

iii.	Other services:

	2018		2017		2016
Conditioning and treatment		735,099		546,758		410,644
Operation and maintenance		480,112		414,576		328,975
Steam sales		136,764		96,587		106,212
Construction		21,321		138,638		100,543
UT Construction		433,200		-		-
Others		3,613		2,611		10,574
Total		1,810,109		1,199,170		956,948

Cost of Sales

j)	Cost of sales

	2018			2017			2016
Inventories at the beginning of the year		183,745			241,477			240,933
Purchases		8,860,447			6,013,669			5,453,359
Operating costs (Note 8.k.)		7,504,392			5,864,281			4,572,609
Inventories at the end of the year		(360,274	)		(183,745	)		(241,477	)
Total		16,188,310			11,935,682			10,025,424

Expenses by Nature

k)	Expenses by nature – Information required under art. 64 paragraph I, clause B) Commercial Companies Law

	2018
			Operating expenses
Accounts	Total		Regulated Activities		Non Regulated Activities		Administrative expenses		Selling expenses			Financial expenses

Salaries, wages and other compensations		1,912,950		891,140		567,798		356,913		97,099			-
Social security taxes		320,232		144,748		84,940		69,616		20,928			-
Compensation to Directors and Supervisory Committee		25,819		-		-		25,819		-			-
Professional services fees		274,697		7,047		135,626		125,232		6,792			-
Technical operator assistance fees		1,317,176		838,032		479,144		-		-			-
Materials		223,940		68,688		155,252		-		-			-
Third parties services		261,779		102,315		130,258		19,790		9,416			-
Telecommunications and post expenses		21,776		4,196		2,857		14,258		465			-
Rents		24,786		7,657		10,301		5,946		882			-
Transports and freight		68,094		42,231		22,984		2,879		-			-
Easements		54,076		54,076		-		-		-			-
Offices supplies		6,997		2,371		861		3,130		635			-
Travels expenses		85,273		38,173		26,740		16,396		3,964			-
Insurance		66,269		38,167		23,695		4,404		3			-
Property, plant and equipment maintenance		1,265,254		1,105,531		144,116		15,607		-			-
Depreciation of property, plant and equipment		2,223,083		1,612,884		342,706		267,493		-			-
Taxes and contributions		1,675,901		170,521		20,082		2,128		1,483,170	⁽¹⁾		-
Advertising		4,856		-		-		-		4,856			-
Doubtful accounts		132,521		-		-		-		132,521			-
Banks expenses		12,150		-		-		12,150		-			-
Interests expense		1,675,437		-		-		-		-			1,675,437
Foreign exchange loss		13,122,031		-		-		-		-			13,122,031
Other financial charges		243,524		-		-		-		-			243,524
Costs of services rendered to third parties		165,277		-		165,277		-		-			-
Other expenses		88,000		36,501		27,477		20,052		3,970			-

Total 2018		25,271,898		5,164,278		2,340,114		961,813		1,764,701			15,040,992

⁽¹⁾	Includes tax on exports for Ps. 248,883 for the year ended December 31, 2018.

				2017

				Operating expenses

Accounts	Total			Regulated Activities		Non Regulated Activities		Administrative expenses		Selling expenses			Financial expenses

Salaries, wages and other compensations		1,791,444			864,168		469,199		357,902		100,175			-
Social security taxes		308,469			135,826		80,500		70,258		21,885
Compensation to Directors and Supervisory Committee		13,816			-		-		13,816		-			-
Professional services fees		99,599			2,409		4,931		83,979		8,280			-
Technical operator assistance fees		577,187			260,036		317,151		-		-			-
Materials		97,057			29,979		67,078		-		-			-
Third parties services		206,456			85,959		103,408		17,089		-			-
Telecommunications and post expenses		16,093			2,150		1,972		11,196		775			-
Rents		10,939			3,161		1,581		5,442		755			-
Transports and freight		57,869			34,450		19,772		3,614		33			-
Easements		35,265			35,265		-		-		-			-
Offices supplies		5,612			1,665		585		2,618		744			-
Travels expenses		31,035			13,879		5,113		8,991		3,052			-
Insurance		52,660			30,744		17,527		3,909		480			-
Property, plant and equipment maintenance		1,005,258			865,572		129,280		8,639		1,767			-
Depreciation of property, plant and equipment		2,020,216			1,569,839		325,104		125,273		-			-
Taxes and contributions		918,821			213,123		13,395		1,186		691,117	⁽¹⁾		-
Advertising		767			-		3		-		764			-
Doubtful accounts		(23,395	)		-		-		-		(23,395	)		-
Banks expenses		7,217			-		-		7,217		-			-
Interests expense		846,366			-		-		-		-			846,366
Foreign exchange loss		1,117,201			-		-		-		-			1,117,201
Other financial charges		167,920			-		-		-		-			167,920
Costs of services rendered to third parties		115,272			-		115,272		-		-			-
Other expenses		57,794			30,640		13,545		12,745		864			-

Total 2017		9,536,938			4,178,865		1,685,416		733,874		807,296			2,131,487

⁽¹⁾	Includes tax on exports for Ps. 1,286 for the year ended December 31, 2017

	2016

			Operating expenses

Accounts	Total		Regulated Activities		Non Regulated Activities		Administrative expenses		Selling expenses			Financial expenses

Salaries, wages and other contributions		1,603,431		796,925		393,027		321,349		92,130			-
Social security taxes		276,390		128,245		66,702		61,543		19,900			-
Compensation to Directors and Supervisory Committee		12,345		-		-		12,345		-			-
Professional services fees		80,706		2,580		7,002		64,122		7,002			-
Technical operator assistance fees		329,826		105,950		223,876		-		-			-
Materials		85,497		28,376		57,121		-		-			-
Third parties services		183,154		72,598		95,078		15,478		-			-
Telecommunications and post expenses		9,766		553		2,211		6,818		184			-
Rents		6,818		1,658		737		4,054		369			-
Transports and freight		54,541		33,904		19,347		1,290		-			-
Easements		38,326		38,326		-		-		-			-
Offices supplies		5,159		1,843		737		2,395		184			-
Travels expenses		19,533		9,582		2,764		5,344		1,843			-
Insurance		51,962		29,666		18,242		3,501		553			-
Property, plant and equipment maintenance		408,504		294,447		102,080		9,766		2,211			-
Depreciation of property, plant and equipment		2,095,419		1,527,999		210,876		356,544		-			-
Taxes and contributions		703,136		160,122		17,320		1,474		524,220	⁽¹⁾		-
Advertising		737		-		-		-		737			-
Doubtful accounts		38,142		-		-		-		38,142			-
Banks expenses		4,054		-		-		4,054		-			-
Interests expense		937,454		-		-		-		-			937,454
Foreign exchange loss		1,486,399		-		-		-		-			1,486,399
Other financial charges		131,536		-		-		-		-			131,536
Derivate financial instruments		9,383		-		-		-		-			9,383
Costs of services rendered to third parties		84,207		-		84,207		-		-			-
Other expenses		57,581		26,900		11,608		10,690		8,383			-

Year ended Deccember 31, 2016		8,714,006		3,259,674		1,312,935		880,767		695,858			2,564,772

⁽¹⁾	Includes tax on exports of Ps. 11,081 for the year ended December 31, 2016.

Net Financial Results

l)	Net financial results

	2018			2017			2016
Financial income
Derivative financial instrument results		106,084			-			-
Interest income		1,345,278			133,116			206,402
Fair value gains on financial instruments through profit or loss		1,372,933			442,480			329,401
Foreign exchange gain		8,164,243			561,572			280,988
Subtotal		10,988,538			1,137,168			816,791
Financial expenses
Interest expense		(1,675,437	)		(846,366	)		(937,454	)
Foreign exchange loss		(13,122,031	)		(1,117,201	)		(1,486,399	)
Derivative financial instrument results		-			-			(9,383	)
Other financial charges		(243,524	)		(167,920	)		(131,536	)
Less: Capitalized borrowing costs		-			-			-
Subtotal		(15,040,992	)		(2,131,487	)		(2,564,772	)
Gain on net monetary results		1,206,195			465,975			1,038,647
Total		(2,846,259	)		(528,344	)		(709,334	)

Other Operating Expenses

m)	Other operating expenses

	2018			2017			2016
Disposal of property, plant and equipment		(158,516	)		(131,419	)		(16,368	)
Net increase in provisions ⁽¹⁾		(770,802	)		(228,196	)		(124,437	)
Recovery of insurance		23,874			194,689			-
Write off of other receivables		-			(105,047	)		-
Others		14,657			(1,622	)		10,161
Total		(890,787	)		(271,595	)		(130,644	)

⁽¹⁾	Includes judicial costs

Other Financial Assets at Fair Value through Profit or Loss

n)	Other financial assets at fair value through profit or loss

	2018				2017
	Current		Non Current		Current		Non Current
Government bonds		-		-		218,707		-
Private bonds		-		-		106,451		-
Total		-		-		325,158		-

Other Financial Assets at Amortized Cost

o)	Other financial assets at amortized cost

	2018				2017
	Current		Non Current		Current		Non Current
VRD bonds		5,714		8,760		10,499		21,369
Government Bonds (Argentine National Treasury Notes)		-		-		1,361,756		-
Government Bonds (Central Bank Notes)		-		-		761,856		-
Total		5,714		8,760		2,134,111		21,369

Payroll and Social Security Taxes Payable

p)	Payroll and social security taxes payable

	2018				2017
	Current		Non Current		Current		Non Current
Vacation benefit payable		170,690		-		154,643		-
Annual bonus payable		133,365		-		125,344		-
Social security taxes payable		67,381		-		67,287		-
UT		12,200		-		-		-
Total		383,636		-		347,274		-