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SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
SIGNIFICANT ACCOUNTING POLICIES [Abstract]  
Subsidiary Control
Detailed data reflecting subsidiary control as of December 31, 2022 and 2021 is as follows:

       
% of shareholding
and voting
       
Company
Incorporation country
  Direct
   
Indirect
 
Closing date
Main activity
                             
Telcosur
Argentina     99.98 %     -   December 31 Telecommunication Services
CTG
Argentina     100 %     -  
December 31
Electricity related services
TGSLatam Bolivia     80 %     100 % December 31 Hydrocarbons and Electrical power related services
Associates
In the table below, associates are disclosed, together with the percentage of shareholding and voting as of December 31, 2022 and 2021:

Company
% of shareholding
and voting
Country
Main activity
Closing date
         
TGU 49.00% Uruguay Pipeline maintenance December 31
EGS (“in liquidation”) 49.00% Argentina
Pipeline exploitation and construction
December 31
Link 49.00% Argentina Pipeline exploitation and construction December 31
Earnings Per Share
Earnings per share as of December 31, 2022, 2021 and 2020 were calculated as follows:

   
2022
   
2021
   
2020
 
Net income attributable to owners of the Company
   
32,317,790
     
40,772,306
     
9,662,187
 
Average number of outstanding shares (1)
   
752,761,058
     
752,761,058
     
762,371,755
 
Basic and diluited earnings per share
   
42.93
     
54.16
     
12.68
 

(1)
The weighted average number of shares considers the effect of the weighted average of the changes originated in the transactions with the treasury shares made during the year.