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

12 Months Ended

Dec. 31, 2019

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

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

	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		-