CONTRACTUAL OBLIGATIONS

12 Months Ended

Dec. 31, 2019

22.	CONTRACTUAL OBLIGATIONS

As of December 31, 2019, 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⁾		42,089,583		-		3,048,790		6,063,863		32,976,930		-
Purchase obligations ⁽²⁾		7,358,968		-		842,255		6,516,713		-		-
Financial Leases		3,046,173		90,363		447,976		896,074		896,074		715,686
Total		52,494,724		90,363		4,339,021		13,476,650		33,873,004		715,686

⁽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, 2019 (US$ 1.00 = Ps. 59.89). 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).