7.	CONSOLIDATED BUSINESS SEGMENT INFORMATION

IFRS 8 “Operating Segments” requires an entity to report financial and descriptive information about its reportable segments, which are operating segments or aggregations of operating segments that meet specified criteria. Operating segments are components of an entity about which separate financial information is available that is evaluated regularly by the CODM in deciding how to allocate resources and in assessing performance. The Company’s CODM is the Board of Directors.

The Company analyzes its businesses into four segments: (i) Natural Gas Transportation Services, subject to ENARGAS regulations, (ii) Liquids Production and Commercialization, (iii) Other Services including midstream, among others, and (iv) Telecommunications. These last three business segments are not regulated by ENARGAS. Production and Commercialization of Liquids segment is regulated by the SE.

Detailed information on each business segment for the years ended December 31, 2020, 2019 and 2018 is disclosed below:

Year ended December 31, 2020
	Natural Gas Transportation			Production and Commercialization of Liquids			Other Services			Telecommunications			Eliminations			Total
Revenues from sales		23,501,610			27,596,696			4,364,503			408,629			-			55,871,438
Intersegment revenues		844,600			-			-			-			(844,600	)		-
Cost of sales		(9,937,565	)		(15,833,436	)		(2,359,778	)		(279,526	)		844,600			(27,565,705	)
Administrative expenses		(1,242,079	)		(253,786	)		(174,262	)		(12,665	)		-			(1,682,792	)
Selling expenses		(1,459,316	)		(1,176,009	)		(299,758	)		(32,661	)		-			(2,967,744	)
Other operating (expenses) / income		(44,139	)		139,965			2,511			1,492			-			99,829
		(3,114,056	)		-			-			-			-			(3,114,056	)
Operating profit		8,549,055			10,473,430			1,533,216			85,269			-			20,640,970
Depreciation of property, plant and equipment		(4,562,752	)		(382,776	)		(1,215,705	)		-			-			(6,161,233	)

	Natural Gas Transportation		Commercialization of Liquids		Other Services		Telecommunications		Total
Identifiable assets		82,754,090		17,693,606		27,901,503		245,167		128,594,366
Identifiable liabilities		27,615,557		5,438,248		29,442,395		71,522		62,567,722

Year ended December 31, 2019
	Natural Gas Transportation			Production and Commercialization of Liquids			Other Services			Telecommunications			Eliminations			Total
Revenue from sales		30,795,577			31,500,457			3,439,787			376,082			-			66,111,903
Intersegment revenues		838,616			-			-			-			(838,616	)		-
Cost of sales		(11,800,176	)		(19,960,308	)		(2,075,388	)		(187,697	)		838,616			(33,184,953	)
Administrative expenses		(1,420,653	)		(196,469	)		(83,074	)		(15,584	)		-			(1,715,780	)
Selling expenses		(1,829,130	)		(1,892,647	)		(359,950	)		(56,344	)		-			(4,138,071	)
Other operating (expenses) / income		(186,412	)		4,356			4,868			3,574			-			(173,614	)
Operating profit		16,397,822			9,455,389			926,243			120,031			-			26,899,485
Depreciation of property, plant and equipment		(4,081,800	)		(335,886	)		(613,548	)		-			-			(5,031,234	)

	Natural Gas Transportation		Production and Commercialization of Liquids		Other Services		Telecommunications		Total
Identifiable assets		87,717,005		14,792,025		27,351,498		291,677		130,152,205
Identifiable liabilities		39,942,095		4,211,136		20,448,533		89,323		64,691,087

Year ended December 31, 2018
	Natural Gas Transportation			Production and Commercialization of Liquids			Other Services			Telecommunications			Eliminations			Total
Revenue from sales		32,381,937			34,822,547			3,790,881			341,517			-			71,336,882
Intersegment revenues		1,253,249			-			-			-			(1,253,249	)		-
Cost of sales		(10,815,462	)		(21,960,652	)		(2,207,887	)		(172,156	)		1,253,249			(33,902,908	)
Administrative expenses		(1,749,008	)		(176,050	)		(75,351	)		(13,900	)		-			(2,014,309	)
Selling expenses		(1,997,378	)		(1,340,704	)		(300,427	)		(57,275	)		-			(3,695,784	)
Other operating (expenses) / income		(327,301	)		(1,521,982	)		(11,402	)		(4,875	)		-			(1,865,560	)
Operating profit		18,746,037			9,823,159			1,195,814			93,311			-			29,858,321
Depreciation of property, plant and equipment		(3,938,031	)		(238,197	)		(479,535	)		-			-			(4,655,763	)