JOINT ARRANGEMENTS

12 Months Ended

Dec. 31, 2021

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:

	2021		2020
Consolidated Statements of financial position
Non Current assets		-		-
Current Assets		189,085		250,371
Total		189,085		250,371
Non Current Liabilities		-		-
Current Liabilities		379,399		574,052
Total		379,399		574,052

	2021			2020			2019
Consolidated Statements of comprehensive income
Gross profit / (loss)		27			6,887			(317,082	)
Operating loss		(7,854	)		(1,909	)		(354,061	)
Net Financial results		141,140			113,021			(43,295	)
Comprehensive income / (loss)		133,286			111,112			(397,356	)