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CONSOLIDATED BUSINESS SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2023
CONSOLIDATED BUSINESS SEGMENT INFORMATION [Abstract]  
CONSOLIDATED BUSINESS SEGMENT INFORMATION
7.
CONSOLIDATED BUSINESS SEGMENT INFORMATION

IFRS Accounting Standards 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 chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company’s CODM is the Board of Directors.

As of December 31, 2023, the Company changed the name of the Other Services business segment to Midstream. This modification does not alter the criteria for assigning income, costs, expenses, assets and liabilities adopted in the past or the comparative information presented.

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

Non-current assets are mostly located in the entity’s country of domicile.

Detailed information on each business segment for the years ended December 31, 2023, 2022 and 2021 is disclosed below:

Year ended December 31, 2023
  
          Production and                          
    Natural Gas     Commercialization of    
                   
   
Transportation
    
Liquids
    
Midstream
    
Telecommunications
    
Eliminations
    
Total
  
Revenues
    
99,052,395
      
265,413,067
      
85,614,680
      
2,728,612
      
-
      
452,808,754
  
Intersegment revenues
    
2,809,126
      
-
      
-
      
-
      
(2,809,126
)
    
-
  
Cost of sales
    
(90,767,353
)
    
(161,942,800
)
    
(32,605,483
)
    
(2,239,234
)
    
2,809,126
      
(284,745,744
)
Administrative expenses
    
(14,607,853
)
    
(3,204,974
)
    
(2,471,994
)
    
(160,434
)
    
-
      
(20,445,255
)
Selling expenses
    
(7,906,362
)
    
(14,424,099
)
    
(7,683,464
)
    
(407,970
)
    
-
      
(30,421,895
)
Other operating results
    
(813,350
)
    
(77,489
)
    
132,052
      
-
      
-
      
(758,787
)
Operating profit
    
(12,233,397
)
    
85,763,705
      
42,985,791
      
(79,026
)
    
-
      
116,437,073
  
Depreciation of property, plant and equipment
    
(40,555,152
)
    
(4,502,892
)
    
(15,569,642
)
    
-
      
-
      
(60,627,686
)

    Natural Gas    
Production and
Commercialization of
    
             

 
Transportation
    
Liquids
    
Midstream
    
Telecommunications
    
Total
  
Identifiable assets
    
663,256,185
      
333,249,699
      
502,685,961
      
26,599,035
      
1,525,790,880
  
Identifiable liabilities
    
325,592,353
      
23,465,448
      
299,050,047
      
22,008,138
      
670,115,986
  

Year ended December 31, 2022
  
         
Production and
    
                   
    Natural Gas     Commercialization of    
                   

 
Transportation
    
Liquids
    
Midstream
    
Telecommunications
    
Eliminations
    
Total
  
Revenues
    
126,566,847
      
324,533,037
      
58,379,759
      
2,863,126
      
-
      
512,342,769
  
Intersegment revenues
    
3,627,152
      
-
      
-
      
-
      
(3,627,152
)
    
-
  
Cost of sales
    
(91,420,235
)
    
(183,060,361
)
    
(26,181,847
)
    
(2,045,480
)
    
3,627,152
      
(299,080,771
)
Administrative expenses
    
(13,175,069
)
    
(2,582,373
)
    
(1,953,283
)
    
(209,019
)
    
-
      
(17,919,744
)
Selling expenses
    
(9,402,172
)
    
(17,868,518
)
    
(4,162,916
)
    
(341,175
)
    
-
      
(31,774,781
)
Other operating results
    
(561,630
)
    
118,148
      
205,261
      
0
      
-
      
(238,221
)
Operating profit
    
15,634,893
      
121,139,933
      
26,286,974
      
267,452
      
-
      
163,329,252
  
Depreciation of property, plant and equipment
    
(44,797,434
)
    
(4,074,803
)
    
(12,078,552
)
    
-
      
-
      
(60,950,789
)

         
Production and
                    
   
Natural Gas
    
Commercialization of
    
             

 
Transportation
    
Liquids
    
Midstream
    
Telecommunications
    
Total
  
Identifiable assets
    
698,770,492
      
248,394,528
      
320,338,223
      
15,783,444
      
1,283,286,687
  
Identifiable liabilities
    
213,757,357
      
24,731,014
      
198,581,048
      
14,060,406
      
451,129,825
  

Year ended December 31, 2021
  
         
Production and
                          
   
Natural Gas
    
Commercialization of
    
                   

 
Transportation
    
Liquids
    
Midstream
    
Telecommunications
    
Eliminations
    
Total
  
Revenues
    
148,634,694
      
338,063,360
      
50,253,829
      
2,779,288
      
-
      
539,731,171
  
Intersegment revenues
    
5,461,629
      
-
      
-
      
-
      
(5,461,629
)
    
-
  
Cost of sales
    
(94,663,455
)
    
(175,262,050
)
    
(22,716,039
)
    
(1,941,542
)
    
5,461,629
      
(289,121,457
)
Administrative expenses
    
(11,896,541
)
    
(2,068,133
)
    
(1,450,879
)
    
(142,582
)
    
-
      
(15,558,135
)
Selling expenses
    
(10,443,853
)
    
(15,225,336
)
    
(3,145,578
)
    
(269,349
)
    
-
      
(29,084,116
)
Other operating results
    
(1,235,653
)
    
1,952,096
      
62,590
      
2,367
      
-
      
781,400
  
Operating profit
    
35,856,821
      
147,459,937
      
23,003,923
      
428,182
      
-
      
206,748,863
  
Depreciation of property, plant and equipment
    
(43,111,810
)
    
(3,720,829
)
    
(11,466,450
)
    
-
      
-
      
(58,299,089
)

         
Production and
                    
   
Natural Gas
    
Commercialization of
    
             

 
Transportation
    
Liquids
    
Midstream
    
Telecommunications
    
Total
  
Identifiable assets
    
755,351,383
      
233,222,088
      
271,943,691
      
2,302,853
      
1,262,820,015
  
Identifiable liabilities
    
243,054,283
      
66,653,975
      
220,958,204
      
636,797
      
531,303,259