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DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS (Tables) | 12 Months Ended
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Dec. 31, 2019
DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS [Abstract] |
Other Receivables |
a) | Other receivables
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
Turnover tax balance |  |  | 50,711 |  |  |  | - |  |  |  | - |  |  |  | - |
Income tax credit balance (1) |  |  | 42,607 |  |  |  | - |  |  |  | - |  |  |  | - |
VAT credit balance |  |  | 1,018,621 |  |  |  | - |  |  |  | 461,916 |  |  |  | - |
Other tax receivables |  |  | 1,227 |  |  |  | 1,401 |  |  |  | 15,365 |  |  |  | 3,144 |
Prepaid expenses |  |  | 90,714 |  |  |  | - |  |  |  | 73,464 |  |  |  | - |
Advances to suppliers |  |  | 1,181,972 |  |  |  | - |  |  |  | 2,847,433 |  |  |  | - |
Subsidies receivables |  |  | 143,829 |  |  |  | - |  |  |  | 450,523 |  |  |  | - |
Other Receivables UT |  |  | 39,009 |  |  |  | - |  |  |  | 45,697 |  |  |  | - |
Others |  |  | 329,387 |  |  |  | 7,603 |  |  |  | 202,248 |  |  |  | 9,521 |
Total |  |  | 2,898,077 |  |  |  | 9,004 |  |  |  | 4,096,646 |  |  |  | 12,665 |
Trade Receivables |
b) | Trade receivables
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
Commons |  |  | 6,329,258 |  |  |  | - |  |  |  | 4,788,890 |  |  |  | - |
UT |  |  | 13,813 |  |  |  | - |  |  |  | 31,446 |  |  |  | - |
Natural Gas Transportation |  |  | 3,774,497 |  |  |  | - |  |  |  | 2,549,704 |  |  |  | - |
Production and Commercialization of Liquids |  |  | 1,903,005 |  |  |  | - |  |  |  | 1,680,674 |  |  |  | - |
Other services |  |  | 637,943 |  |  |  | - |  |  |  | 527,066 |  |  |  | - |
Related parties (Note 21) |  |  | 279,457 |  |  |  | - |  |  |  | 206,079 |  |  |  |  |
Natural Gas Transportation |  |  | 154,009 |  |  |  | - |  |  |  | 112,671 |  |  |  | - |
Production and Commercialization of Liquids |  |  | 53,744 |  |  |  | - |  |  |  | 12,497 |  |  |  | - |
Other services |  |  | 71,704 |  |  |  | - |  |  |  | 80,911 |  |  |  | - |
Allowance for doubtful accounts |  |  | (134,956 | ) |  |  | - |  |  |  | (203,860 | ) |  |  | - |
Total |  |  | 6,473,759 |  |  |  | - |  |  |  | 4,791,109 |  |  |  | - |
The movement of the allowance for doubtful accounts is as follows:
Balances as of December 31, 2017 |  |  | - |
Additions (1) |  |  | 203,860 |
Applications |  |  | - |
Reversals |  |  | - |
Balances as of December 31, 2018 |  |  | 203,860 |
Inflation adjustment restatement |  |  | (71,339 | )
Additions (1) |  |  | 2,435 |
Applications |  |  | - |
Reversals |  |  | - |
Balances as of December 31, 2019 |  |  | 134,956 |
(1) The total amount is recorded in Selling Expenses
Cash and Cash Equivalents |
c) | Cash and cash equivalents
|  | 2019 |  |  | 2018 |
Cash and banks |  |  | 1,123,051 |  |  |  | 9,174,577 |
UT Cash and banks |  |  | 2,758 |  |  |  | 235 |
Time deposits |  |  | - |  |  |  | 938,544 |
Mutual funds in Argentine Pesos |  |  | 1,029,644 |  |  |  | 3,302,476 |
Interest-bearing accounts |  |  | 7,609,748 |  |  |  | 12,167,206 |
UT Mutual funds |  |  | - |  |  |  | 22,099 |
Total |  |  | 9,765,201 |  |  |  | 25,605,137 |
Contract Liabilities |
d) | Contract liabilities
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
Natural Gas Transportation |  |  | 98,460 |  |  |  | 1,744,944 |  |  |  | 104,572 |  |  |  | 1,844,227 |
Production and Commercialization of Liquids |  |  | 38,387 |  |  |  | 341,698 |  |  |  | 39,249 |  |  |  | 392,388 |
Other services |  |  | 62,386 |  |  |  | 840,184 |  |  |  | 3,104 |  |  |  | 23,261 |
UT |  |  | 20,568 |  |  |  | - |  |  |  | 52,408 |  |  |  | - |
Total |  |  | 219,801 |  |  |  | 2,926,826 |  |  |  | 199,333 |  |  |  | 2,259,876 |
Other Payables |
e) | Other payables
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
Payable for compensation for the Board of Directors and Supervisory Committee |  |  | 8,498 |  |  |  | - |  |  |  | 8,321 |  |  |  | - |
Others |  |  | 1,744 |  |  |  | - |  |  |  | 2,529 |  |  |  | - |
UT Other liabilities |  |  | 277,417 |  |  |  | - |  |  |  | 113,253 |  |  |  | - |
Total |  |  | 287,659 |  |  |  | - |  |  |  | 124,103 |  |  |  | - |
Taxes Payables |
f) | Taxes payables
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
Health and safety tax |  |  | 12,989 |  |  |  | - |  |  |  | 13,522 |  |  |  | - |
Withholdings and perceptions made to third parties |  |  | 148,052 |  |  |  | - |  |  |  | 170,174 |  |  |  | - |
Turnover Tax |  |  | 85,283 |  |  |  | - |  |  |  | 96,474 |  |  |  | - |
Withholding Tax |  |  | 71,998 |  |  |  | - |  |  |  | - |  |  |  | - |
UT Others |  |  | 341 |  |  |  | - |  |  |  | 4,233 |  |  |  | - |
Others |  |  | 34,520 |  |  |  | - |  |  |  | 26,680 |  |  |  | - |
Total |  |  | 353,183 |  |  |  | - |  |  |  | 311,083 |  |  |  | - |
Trade Payables |
g) | Trade payables
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
Suppliers |  |  | 3,875,928 |  |  |  | - |  |  |  | 4,304,927 |  |  |  | - |
UT Suppliers |  |  | 109,876 |  |  |  | - |  |  |  | 138,837 |  |  |  | - |
Customers (credit balances) |  |  | 6,164 |  |  |  | - |  |  |  | 3,438 |  |  |  | - |
Related companies |  |  | 121,603 |  |  |  | - |  |  |  | 309,352 |  |  |  | - |
Total |  |  | 4,113,571 |  |  |  | - |  |  |  | 4,756,554 |  |  |  | - |
Revenues |
h) | Revenues
|  | 2019 |  |  | 2018 |  |  | 2017 |
Sales of goods and services |  |  | 48,359,045 |  |  |  | 51,773,746 |  |  |  | 30,159,782 |
Subsidies |  |  | 202,449 |  |  |  | 625,677 |  |  |  | 534,806 |
Total |  |  | 48,561,494 |  |  |  | 52,399,423 |  |  |  | 30,694,588 |
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, 2019 |
|  | Natural Gas Transportation |  |  | Production and Commercialization of Liquids |  |  | Other Services |  |  | Telecommunications |  |  | Total |
Primary geographical market: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External market |  |  | - |  |  |  | 9,144,860 |  |  |  | - |  |  |  | - |  |  |  | 9,144,860 |
Local market |  |  | 22,620,423 |  |  |  | 13,993,322 |  |  |  | 2,526,643 |  |  |  | 276,246 |  |  |  | 39,416,634 |
Total |  |  | 22,620,423 |  |  |  | 23,138,182 |  |  |  | 2,526,643 |  |  |  | 276,246 |  |  |  | 48,561,494 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over the time |  |  | 22,620,423 |  |  |  | 1,226,814 |  |  |  | 2,526,643 |  |  |  | 276,246 |  |  |  | 26,650,126 |
At a point in time |  |  | - |  |  |  | 21,911,368 |  |  |  | - |  |  |  | - |  |  |  | 21,911,368 |
Total |  |  | 22,620,423 |  |  |  | 23,138,182 |  |  |  | 2,526,643 |  |  |  | 276,246 |  |  |  | 48,561,494 |
Year ended December 31, 2018 |
|  | Natural Gas Transportation |  |  | Production and Commercialization of Liquids |  |  | Other Services |  |  | Telecommunications |  |  | Total |
Primary geographical market: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External market |  |  | - |  |  |  | 9,269,086 |  |  |  | - |  |  |  | - |  |  |  | 9,269,086 |
Local market |  |  | 23,785,660 |  |  |  | 16,309,287 |  |  |  | 2,784,534 |  |  |  | 250,856 |  |  |  | 43,130,337 |
Total |  |  | 23,785,660 |  |  |  | 25,578,373 |  |  |  | 2,784,534 |  |  |  | 250,856 |  |  |  | 52,399,423 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over the time |  |  | 23,785,660 |  |  |  | 1,084,994 |  |  |  | 2,784,534 |  |  |  | 250,856 |  |  |  | 27,906,044 |
At a point in time |  |  | - |  |  |  | 24,493,379 |  |  |  | - |  |  |  | - |  |  |  | 24,493,379 |
Total |  |  | 23,785,660 |  |  |  | 25,578,373 |  |  |  | 2,784,534 |  |  |  | 250,856 |  |  |  | 52,399,423 |
Year ended December 31, 2017 |
|  | Natural Gas Transportation |  |  | Production and Commercialization of Liquids |  |  | Other Services |  |  | Telecommunications |  |  | Total |
Primary geographical market: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External market |  |  | - |  |  |  | 6,664,863 |  |  |  | - |  |  |  | - |  |  |  | 6,664,863 |
Local market |  |  | 11,469,824 |  |  |  | 10,524,331 |  |  |  | 1,844,712 |  |  |  | 190,858 |  |  |  | 24,029,725 |
Total |  |  | 11,469,824 |  |  |  | 17,189,194 |  |  |  | 1,844,712 |  |  |  | 190,858 |  |  |  | 30,694,588 |
Timing of revenue recognition: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Over the time |  |  | 11,469,824 |  |  |  | 822,760 |  |  |  | 1,844,712 |  |  |  | 190,858 |  |  |  | 14,328,154 |
At a point in time |  |  | - |  |  |  | 16,366,434 |  |  |  | - |  |  |  | - |  |  |  | 16,366,434 |
Total |  |  | 11,469,824 |  |  |  | 17,189,194 |  |  |  | 1,844,712 |  |  |  | 190,858 |  |  |  | 30,694,588 |
Detailed information of revenues on each business segment for the years ended December 31, 2019, 2018 and 2017 is disclosed below:
i. | Natural Gas Transportation:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Firm |  |  | 18,521,215 |  |  |  | 18,834,776 |  |  |  | 8,971,393 |
Access and Charge |  |  | 835,721 |  |  |  | 870,398 |  |  |  | 666,979 |
Interruptible and Others |  |  | 3,263,487 |  |  |  | 4,080,486 |  |  |  | 1,831,452 |
Total |  |  | 22,620,423 |  |  |  | 23,785,660 |  |  |  | 11,469,824 |
ii. | Production and Commercialization of Liquids:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Product |  |  | 21,708,919 |  |  |  | 23,867,702 |  |  |  | 15,776,153 |
Services |  |  | 1,226,814 |  |  |  | 1,084,994 |  |  |  | 878,235 |
Government grants |  |  | 202,449 |  |  |  | 625,677 |  |  |  | 534,806 |
Total |  |  | 23,138,182 |  |  |  | 25,578,373 |  |  |  | 17,189,194 |
iv. | Other services:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Conditioning and treatment |  |  | 1,273,070 |  |  |  | 1,130,820 |  |  |  | 841,091 |
Operation and maintenance |  |  | 651,665 |  |  |  | 738,568 |  |  |  | 637,752 |
Steam sales |  |  | 231,565 |  |  |  | 210,387 |  |  |  | 148,582 |
Construction |  |  | 11,899 |  |  |  | 32,799 |  |  |  | 213,270 |
UT Construction |  |  | 187,686 |  |  |  | 666,402 |  |  |  | - |
Transportation and conditioning of Naural Gas in Vaca Muerta |  |  | 165,725 |  |  |  | - |  |  |  | - |
Others |  |  | 5,033 |  |  |  | 5,558 |  |  |  | 4,017 |
Total |  |  | 2,526,643 |  |  |  | 2,784,534 |  |  |  | 1,844,712 |
Cost of Sales |
i) | Cost of sales
|  | 2019 |  |  | 2018 |  |  | 2017 |
Inventories at the beginning of the year |  |  | 554,218 |  |  |  | 282,659 |  |  |  | 371,470 |
Purchases |  |  | 12,052,590 |  |  |  | 13,630,238 |  |  |  | 9,250,971 |
Operating costs (Note 8.i.) |  |  | 12,076,335 |  |  |  | 11,544,187 |  |  |  | 9,021,164 |
Inventories at the end of the year |  |  | (307,640 | ) |  |  | (554,218 | ) |  |  | (282,659 | )
Total |  |  | 24,375,503 |  |  |  | 24,902,866 |  |  |  | 18,360,946 |
Expenses by Nature |
j) | Expenses by nature – Information required under art. 64 paragraph I, clause B) Commercial Companies Law
|  | 2019 |
|  |  |  |  | Operating expenses |  |  |  |  |  |  |  |  |  |
Accounts |  | Total |  |  | Regulated Activities |  |  | Non Regulated Activities |  |  | Administrative expenses |  |  | Selling expenses |  |  | Financial expenses |
Salaries, wages and other compensations |  |  | 3,193,390 |  |  |  | 1,463,206 |  |  |  | 953,222 |  |  |  | 604,578 |  |  |  | 172,384 |  |  |  | - |
Social security taxes |  |  | 595,112 |  |  |  | 271,610 |  |  |  | 170,506 |  |  |  | 117,055 |  |  |  | 35,941 |  |  |  | - |
Compensation to Directors and Supervisory Committee |  |  | 32,528 |  |  |  | - |  |  |  | - |  |  |  | 32,528 |  |  |  | - |  |  |  | - |
Professional services fees |  |  | 483,128 |  |  |  | 15,383 |  |  |  | 248,648 |  |  |  | 186,970 |  |  |  | 32,127 |  |  |  | - |
Technical operator assistance fees |  |  | 1,144,777 |  |  |  | 776,200 |  |  |  | 368,577 |  |  |  | - |  |  |  | - |  |  |  | - |
Materials |  |  | 387,772 |  |  |  | 169,415 |  |  |  | 218,357 |  |  |  | - |  |  |  | - |  |  |  | - |
Third parties services |  |  | 435,870 |  |  |  | 180,037 |  |  |  | 222,864 |  |  |  | 24,485 |  |  |  | 8,484 |  |  |  | - |
Telecommunications and post expenses |  |  | 44,810 |  |  |  | 12,956 |  |  |  | 6,097 |  |  |  | 23,952 |  |  |  | 1,805 |  |  |  | - |
Rents |  |  | 43,758 |  |  |  | 12,717 |  |  |  | 21,141 |  |  |  | 8,888 |  |  |  | 1,012 |  |  |  | - |
Transports and freight |  |  | 115,986 |  |  |  | 73,000 |  |  |  | 40,551 |  |  |  | 2,435 |  |  |  | - |  |  |  | - |
Easements |  |  | 91,941 |  |  |  | 87,367 |  |  |  | 4,574 |  |  |  | - |  |  |  | - |  |  |  | - |
Offices supplies |  |  | 13,332 |  |  |  | 4,019 |  |  |  | 2,310 |  |  |  | 5,183 |  |  |  | 1,820 |  |  |  | - |
Travels expenses |  |  | 132,485 |  |  |  | 65,497 |  |  |  | 35,936 |  |  |  | 27,340 |  |  |  | 3,712 |  |  |  | - |
Insurance |  |  | 96,399 |  |  |  | 47,111 |  |  |  | 38,101 |  |  |  | 6,391 |  |  |  | 4,796 |  |  |  | - |
Property, plant and equipment maintenance |  |  | 2,566,969 |  |  |  | 2,233,041 |  |  |  | 298,406 |  |  |  | 35,522 |  |  |  | - |  |  |  | - |
Depreciation of property, plant and equipment |  |  | 3,695,615 |  |  |  | 2,842,666 |  |  |  | 697,391 |  |  |  | 155,558 |  |  |  | - |  |  |  | - |
Taxes and contributions |  |  | 3,044,070 |  |  |  | 334,176 |  |  |  | 24,473 |  |  |  | 3,903 |  |  |  | 2,681,518 |  | (1) |  | - |
Advertising |  |  | 90,137 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 90,137 |  |  |  | - |
Doubtful accounts |  |  | 2,435 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,435 |  |  |  | - |
Banks expenses |  |  | 19,308 |  |  |  | - |  |  |  | - |  |  |  | 19,308 |  |  |  | - |  |  |  | - |
Interests expense |  |  | 2,509,815 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,509,815 |
Foreign exchange loss |  |  | 15,636,514 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 15,636,514 |
Capitalized financial costs |  |  | (446,195 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (446,195 | )
Costs of services rendered to third parties |  |  | 13,664 |  |  |  | - |  |  |  | 13,664 |  |  |  | - |  |  |  | - |  |  |  | - |
Other expenses |  |  | 132,706 |  |  |  | 79,239 |  |  |  | 43,877 |  |  |  | 6,204 |  |  |  | 3,386 |  |  |  | - |
Total 2019 |  |  | 34,076,326 |  |  |  | 8,667,640 |  |  |  | 3,408,695 |  |  |  | 1,260,300 |  |  |  | 3,039,557 |  |  |  | 17,700,134 |
(1) Includes tax on exports for Ps. 843,418 for the year ended December 31, 2019.
|  | 2018 |
|  |  |  |  | Operating expenses |  |  |  |  |  |  |  |  |  |
Accounts |  | Total |  |  | Regulated Activities |  |  | Non Regulated Activities |  |  | Administrative expenses |  |  | Selling expenses |  |  | Financial expenses |
Salaries, wages and other contributions |  |  | 2,942,737 |  |  |  | 1,370,862 |  |  |  | 873,457 |  |  |  | 549,048 |  |  |  | 149,370 |  |  |  | - |
Social security taxes |  |  | 492,620 |  |  |  | 222,669 |  |  |  | 130,665 |  |  |  | 107,092 |  |  |  | 32,194 |  |  |  | - |
Compensation to Directors and Supervisory Committee |  |  | 39,718 |  |  |  | - |  |  |  | - |  |  |  | 39,718 |  |  |  | - |  |  |  | - |
Professional services fees |  |  | 422,573 |  |  |  | 10,841 |  |  |  | 208,637 |  |  |  | 192,647 |  |  |  | 10,448 |  |  |  | - |
Technical operator assistance fees |  |  | 2,026,244 |  |  |  | 1,289,165 |  |  |  | 737,079 |  |  |  | - |  |  |  | - |  |  |  | - |
Materials |  |  | 344,492 |  |  |  | 105,664 |  |  |  | 238,828 |  |  |  | - |  |  |  | - |  |  |  | - |
Third parties services |  |  | 402,701 |  |  |  | 157,394 |  |  |  | 200,379 |  |  |  | 30,443 |  |  |  | 14,485 |  |  |  | - |
Telecommunications and post expenses |  |  | 33,498 |  |  |  | 6,455 |  |  |  | 4,395 |  |  |  | 21,933 |  |  |  | 715 |  |  |  | - |
Rents |  |  | 38,129 |  |  |  | 11,779 |  |  |  | 15,846 |  |  |  | 9,147 |  |  |  | 1,357 |  |  |  | - |
Transports and freight |  |  | 104,751 |  |  |  | 64,965 |  |  |  | 35,357 |  |  |  | 4,429 |  |  |  | - |  |  |  | - |
Easements |  |  | 83,186 |  |  |  | 83,186 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Offices supplies |  |  | 10,763 |  |  |  | 3,647 |  |  |  | 1,324 |  |  |  | 4,815 |  |  |  | 977 |  |  |  | - |
Travels expenses |  |  | 131,177 |  |  |  | 58,722 |  |  |  | 41,135 |  |  |  | 25,222 |  |  |  | 6,098 |  |  |  | - |
Insurance |  |  | 101,944 |  |  |  | 58,713 |  |  |  | 36,451 |  |  |  | 6,775 |  |  |  | 5 |  |  |  | - |
Property, plant and equipment maintenance |  |  | 1,946,371 |  |  |  | 1,700,665 |  |  |  | 221,697 |  |  |  | 24,009 |  |  |  | - |  |  |  | - |
Depreciation of property, plant and equipment |  |  | 3,419,820 |  |  |  | 2,481,136 |  |  |  | 527,193 |  |  |  | 411,491 |  |  |  | - |  |  |  | - |
Taxes and contributions |  |  | 2,578,080 |  |  |  | 262,317 |  |  |  | 30,893 |  |  |  | 3,274 |  |  |  | 2,281,596 | (1) |  |  | - |
Advertising |  |  | 7,470 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 7,470 |  |  |  | - |
Doubtful accounts |  |  | 203,860 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 203,860 |  |  |  | - |
Banks expenses |  |  | 18,691 |  |  |  | - |  |  |  | - |  |  |  | 18,691 |  |  |  | - |  |  |  | - |
Interests expense |  |  | 2,577,365 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,577,365 |
Foreign exchange loss |  |  | 20,185,935 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 20,185,935 |
Costs of services rendered to third parties |  |  | 254,250 |  |  |  | - |  |  |  | 254,250 |  |  |  | - |  |  |  | - |  |  |  | - |
Other expenses |  |  | 135,374 |  |  |  | 56,152 |  |  |  | 42,269 |  |  |  | 30,846 |  |  |  | 6,107 |  |  |  | - |
Year ended Deccember 31, 2018 |  |  | 38,501,749 |  |  |  | 7,944,332 |  |  |  | 3,599,855 |  |  |  | 1,479,580 |  |  |  | 2,714,682 |  |  |  | 22,763,300 |
(1) Includes tax on exports of Ps. 382,863 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 |  |  | 2,755,821 |  |  |  | 1,329,370 |  |  |  | 721,780 |  |  |  | 550,569 |  |  |  | 154,102 |  |  |  | - |
Social security taxes |  |  | 474,525 |  |  |  | 208,944 |  |  |  | 123,835 |  |  |  | 108,080 |  |  |  | 33,666 |  |  |  | - |
Compensation to Directors and Supervisory Committee |  |  | 21,253 |  |  |  | - |  |  |  | - |  |  |  | 21,253 |  |  |  | - |  |  |  | - |
Professional services fees |  |  | 153,215 |  |  |  | 3,706 |  |  |  | 7,585 |  |  |  | 129,187 |  |  |  | 12,737 |  |  |  | - |
Technical operator assistance fees |  |  | 887,901 |  |  |  | 400,020 |  |  |  | 487,881 |  |  |  | - |  |  |  | - |  |  |  | - |
Materials |  |  | 149,305 |  |  |  | 46,117 |  |  |  | 103,188 |  |  |  | - |  |  |  | - |  |  |  | - |
Third parties services |  |  | 317,596 |  |  |  | 132,233 |  |  |  | 159,075 |  |  |  | 26,288 |  |  |  | - |  |  |  | - |
Telecommunications and post expenses |  |  | 24,756 |  |  |  | 3,307 |  |  |  | 3,034 |  |  |  | 17,223 |  |  |  | 1,192 |  |  |  | - |
Rents |  |  | 16,828 |  |  |  | 4,863 |  |  |  | 2,432 |  |  |  | 8,372 |  |  |  | 1,161 |  |  |  | - |
Transports and freight |  |  | 89,022 |  |  |  | 52,995 |  |  |  | 30,416 |  |  |  | 5,560 |  |  |  | 51 |  |  |  | - |
Easements |  |  | 54,249 |  |  |  | 54,249 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Offices supplies |  |  | 8,633 |  |  |  | 2,561 |  |  |  | 900 |  |  |  | 4,027 |  |  |  | 1,145 |  |  |  | - |
Travels expenses |  |  | 47,741 |  |  |  | 21,350 |  |  |  | 7,865 |  |  |  | 13,831 |  |  |  | 4,695 |  |  |  | - |
Insurance |  |  | 81,007 |  |  |  | 47,294 |  |  |  | 26,962 |  |  |  | 6,013 |  |  |  | 738 |  |  |  | - |
Property, plant and equipment maintenance |  |  | 1,546,413 |  |  |  | 1,331,530 |  |  |  | 198,875 |  |  |  | 13,290 |  |  |  | 2,718 |  |  |  | - |
Depreciation of property, plant and equipment |  |  | 3,107,746 |  |  |  | 2,414,921 |  |  |  | 500,115 |  |  |  | 192,710 |  |  |  | - |  |  |  | - |
Taxes and contributions |  |  | 1,413,444 |  |  |  | 327,852 |  |  |  | 20,606 |  |  |  | 1,824 |  |  |  | 1,063,162 |  | (1) |  | - |
Advertising |  |  | 1,180 |  |  |  | - |  |  |  | 5 |  |  |  | - |  |  |  | 1,175 |  |  |  | - |
Doubtful accounts |  |  | (35,989 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (35,989 | ) |  |  | - |
Banks expenses |  |  | 11,102 |  |  |  | - |  |  |  | - |  |  |  | 11,102 |  |  |  | - |  |  |  | - |
Interests expense |  |  | 1,301,985 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,301,985 |
Foreign exchange loss |  |  | 1,718,617 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 1,718,617 |
Other financial charges |  |  | 258,315 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 258,315 |
Costs of services rendered to third parties |  |  | 177,326 |  |  |  | - |  |  |  | 177,326 |  |  |  | - |  |  |  | - |  |  |  | - |
Other expenses |  |  | 88,909 |  |  |  | 47,134 |  |  |  | 20,838 |  |  |  | 19,607 |  |  |  | 1,330 |  |  |  | - |
Total 2017 |  |  | 14,670,900 |  |  |  | 6,428,446 |  |  |  | 2,592,718 |  |  |  | 1,128,936 |  |  |  | 1,241,883 |  |  |  | 3,278,917 |
(1) Includes tax on exports for Ps. 1,978 for the year ended December 31, 2017
Net Financial Results |
k) | Net financial results
|  | 2019 |  |  | 2018 |  |  | 2017 |
Financial income |  |  |  |  |  |  |  |  |
Interest income |  |  | 719,559 |  |  |  | 2,069,473 |  |  |  | 204,776 |
Foreign exchange gain |  |  | 7,815,595 |  |  |  | 12,559,251 |  |  |  | 863,880 |
Subtotal |  |  | 8,535,154 |  |  |  | 14,628,724 |  |  |  | 1,068,656 |
Financial expenses |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (2,509,815 | ) |  |  | (2,577,365 | ) |  |  | (1,301,985 | )
Foreign exchange loss |  |  | (15,636,514 | ) |  |  | (20,185,935 | ) |  |  | (1,718,617 | )
less: Capitalized finance costs |  |  | 446,195 |  |  |  | - |  |  |  | - |
Subtotal |  |  | (17,700,134 | ) |  |  | (22,763,300 | ) |  |  | (3,020,602 | )
Other financial results |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments results |  |  | (19,172 | ) |  |  | 163,192 |  |  |  | - |
Fair value gains on financial instruments through profit or loss |  |  | 542,218 |  |  |  | 2,112,016 |  |  |  | 680,678 |
Others |  |  | (409,659 | ) |  |  | (374,619 | ) |  |  | (258,315 | )
Subtotal |  |  | 113,387 |  |  |  | 1,900,589 |  |  |  | 422,363 |
Gain on net monetary position |  |  | 6,154,172 |  |  |  | 1,855,519 |  |  |  | 716,821 |
Total |  |  | (2,897,421 | ) |  |  | (4,378,468 | ) |  |  | (812,762 | )
Other Operating Expenses |
l) | Other operating expenses
|  | 2019 |  |  | 2018 |  |  | 2017 |
Net increase in provisions (1) |  |  | (156,124 | ) |  |  | (1,185,743 | ) |  |  | (351,039 | )
Recovery of insurance |  |  | - |  |  |  | 36,726 |  |  |  | 299,495 |
Write off of other receivables |  |  | - |  |  |  | - |  |  |  | (161,596 | )
Others |  |  | 28,598 |  |  |  | (221,302 | ) |  |  | (204,663 | )
Total |  |  | (127,526 | ) |  |  | (1,370,319 | ) |  |  | (417,803 | )
(1) Including interest and legal expenses
Other Financial Assets at Amortized Cost |
m) | Other financial assets at amortized cost
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
VRD bonds |  |  | 3,355 |  |  |  | 5,403 |  |  |  | 8,790 |  |  |  | 13,476 |
US Treasury Bills |  |  | 1,040,605 |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | 1,043,960 |  |  |  | 5,403 |  |  |  | 8,790 |  |  |  | 13,476 |
Payroll and Social Security Taxes Payable |
n) | Payroll and social security taxes payable
|  | 2019 |  |  | 2018 |
|  | Current |  |  | Non Current |  |  | Current |  |  | Non Current |
Vacation benefit payable |  |  | 305,847 |  |  |  | - |  |  |  | 262,577 |  |  |  | - |
Annual bonus payable |  |  | 205,541 |  |  |  | - |  |  |  | 205,159 |  |  |  | - |
Social security taxes payable |  |  | 130,942 |  |  |  | - |  |  |  | 103,654 |  |  |  | - |
UT |  |  | 6,121 |  |  |  |  |  |  |  | 18,766 |  |  |  |  |
Total |  |  | 648,451 |  |  |  | - |  |  |  | 590,156 |  |  |  | - |

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