JOINT ARRANGEMENTS

12 Months Ended

Dec. 31, 2019

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. 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 its results is the following:

	2019		2018
Consolidated Statements of financial position
Non Current assets		-		-
Current Assets		232,849		300,649
Total		232,849		300,649
Non Current Liabilities		-		-
Current Liabilities		414,323		261,274
Total		414,323		261,274

	2019			2018		2017
Consolidated Statements of comprehensive income
Gross (loss) / profit		(154,303	)		52,112		1,226
Operating (loss) / profit		(172,298	)		37,517		(38	)
Net Financial results		(21,069	)		1,611		348
Comprehensive (loss) / income		(193,367	)		39,128		310