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JOINT ARRANGEMENTS | 12 Months Ended
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Dec. 31, 2020
JOINT ARRANGEMENTS [Abstract] |
JOINT ARRANGEMENTS |
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:
|  | 2020 |  |  | 2019 |
Consolidated Statements of financial position |  |  |  |  |  |
Non Current assets |  |  | - |  |  |  | - |
Current Assets |  |  | 165,873 |  |  |  | 317,002 |
Total |  |  | 165,873 |  |  |  | 317,002 |
Non Current Liabilities |  |  | - |  |  |  | - |
Current Liabilities |  |  | 380,314 |  |  |  | 564,062 |
Total |  |  | 380,314 |  |  |  | 564,062 |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Consolidated Statements of comprehensive income |  |  |  |  |  |  |  |  |
Gross profit / (loss) |  |  | 4,563 |  |  |  | (210,069 | ) |  |  | 70,946 |
Operating (loss) / profit |  |  | (1,265 | ) |  |  | (234,568 | ) |  |  | 51,076 |
Net Financial results |  |  | 74,877 |  |  |  | (28,683 | ) |  |  | 2,193 |
Comprehensive (loss) / income |  |  | 73,612 |  |  |  | (263,251 | ) |  |  | 53,269 |

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- Definition The disclosure of joint ventures. [Refer: Joint ventures [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2020-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2020-en-r&anchor=para_17_b&doctype=Standard -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2020-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2020-en-r&anchor=para_16_b&doctype=Standard -URIDate 2020-01-01 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2020-01-01 -Paragraph B4 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2020-en-r&anchor=para_B4_b&doctype=Appendix&subtype=B -URIDate 2020-01-01 + Details
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