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LOANS (Tables)
 12 Months Ended
Dec. 31, 2023
LOANS [Abstract]  
Short-term and Long-term Loans
Short-term and long-term loans as of December 31, 2023 and 2022 comprise the following:

    2023
     2022
  
Current Loans
            
2018 Notes Interest
    
4,277,626
      
2,919,070
  
Bank loans     49,994,730       5,662,649  
Leases liabilities
    
6,294,835
      
3,625,240
  
Total Current loans
    
60,567,191
      
12,206,959
  
Non Current Loans
                
2018 Notes
    
380,225,912
      
259,379,199
  
Leases liabilities
    
10,921,411
      
9,647,624
  
Bank loans
     19,933,952       13,401,649  
Total non current loans
    
411,081,275
      
282,428,472
  
Total (1)
    
471,648,466
      
294,635,431
  

(1)
As of December 31, 2023 and 2022, it is net of Notes repurchase of Ps 23,991,562 and Ps. 16,371,945, respectively.
(2)
Net of issuance expenses of Ps. 52,684 and Ps. 93,749 as of December 31, 2023 and 2022, respectively.
Activity of Loans
The activity of the loans as of December 31, 2023, 2022 and 2021 is the following:

   
2023
    
2022
     2021
  
   
Leases
liabilities
    
Other
payables
    
Leases
liabilities
    
Other
payables
    
Leases
liabilities
    
Other
payables
  
Beginning balance
    
13,272,864
      
281,362,567
      
18,334,589
      
300,612,271
       26,485,774       375,188,476  
Inflation adjustment restatement
    
(17,582,496
)
    
(265,418,470
)
    
(14,853,964
)
    
(182,625,878
)
     (9,853,594 )     (140,127,829 )
Accrued interest
    
917,514
      
6,917,912
      
1,191,598
      
18,297,703
       1,769,776       22,800,682  
Effect of foreign exchange effect
    
22,489,416
      
422,504,305
      
12,474,271
      
148,406,853
       5,388,047       68,806,173  
VAT unpaid installments
    
-
      
-
      
72,191
      
-
       81,626       -  
Proceeds from loans
     1,799,578       35,743,858       -       19,197,823       -       -  
Acquisition of notes result
    
-
      
-
      
-
      
3,208,025
       -       2,512,565  
Payment of loans(1)
    
(2,884,263
)
    
(10,890,826
)
    
(2,807,421
)
    
(268,393
)
     (3,624,542 )     -  
Acquisition of notes
     -       -       -       (7,637,322 )     -       (5,820,906 )
Interest paid(2)
    
(796,367
)
    
(15,787,126
)
    
(1,138,400
)
    
(17,828,515
)
     (1,912,498 )     (22,746,890 )
Ending balance
    
17,216,246
      
454,432,220
      
13,272,864
      
281,362,567
       18,334,589       300,612,271  

(1)
For the years ended on December 31, 2023, 2022 and 2021, Ps. 2,683,976, Ps. 2,807,421 and 3,624,542 respectively were cancelled through the offseting of debit balances maintained with the creditor (Pampa Energía).
(2)
For the years ended on December 31, 2023, 2022 and 2021, Ps. 796,367, Ps. 1,138,400, and 1,912,498,  respectively, were cancelled through the offseting of debit balances maintained with the creditor (Pampa Energía).
Maturities of Current and Non-Current Loans
The maturities of the current and non-current loans as of December 31, 2023 are as follows, not including issuance expenses:

         
To due
        
   
Due
    
As of
12/31/2024
    
From 1/01/2025
to 12/31/2025
    
From 1/01/2026
to 12/31/2026
    
From 1/01/2027
to 12/31/2027
    
Total
  
2018 Notes
    
-
      
4,277,626
      
380,225,912
      
-
      
-
      
384,503,538
  
Leases liabilities
    
609,435
      
5,685,400
      
6,258,196
      
4,283,042
      
380,173
      
17,216,246
  
Bank loans
     -       49,994,730       19,933,952       -       -       69,928,682  
Total
    
609,435
      
59,957,756
      
406,418,060
      
4,283,042
      
380,173
      
471,648,466
  
Future Minimum Lease Payments and Present Book Value
The following table sets reconciliation between the total of future minimum lease payments as of December 31, 2023, and their present book value:

   
12/31/2023
  
As of 12/31/2024
    
7,229,678
  
From 1/01/2025 to 12/31/2025
    
6,655,985
  
From 1/01/2026 to 12/31/2026
    
4,255,896
  
From 1/01/2027 to 12/31/2027
    
679,059
  
Total minimum future payments
    
18,820,618
  
Future financial charges on financial leases
    
(1,604,372
)
Book Value financial leases
    
17,216,246
  
Conditions of 2018 Notes
On May 2, 2018, within the 2017 Global Program framework, the Company proceeded to the issuance of the 2018 Notes according to the following characteristics:

 
2018 Notes
Amount in US$
500,000,000
Interest Rate
6.75% annual
Issuance price
99.725%

 
Scheduled payment
date
Percentage of
the principal to
be paid
Amortization
May 2, 2025
100%
Frequency of interest payment
 Semiannual, payable on May 2 and November 2 of each year.
Guarantor
None
Detailed of Other Financial Indebtedness

The following table shows the details of other financial indebtedness as of December 31, 2023:


Currency
  
Amount (in miles)
    
Interest
rate
    
Expiration date
USD
    
60,162
      
7.76
%
  
Between January and November 2024
Euros
    
61
      
7.00
%
  
May 2024
Disclosure of Bank Loans
In March 2023, the subsidiary Telcosur, renewed the loan for US$ 24 million taken in March 2022. The main terms of said loan are:
 
Amount in US$
  
24,000,000
  
Interest rate
   1.5% annual  
Amortization date
  
January 25, 2025
  
Interest payment frequency
  
To the expiration
  
Guarantee
  
Fixed term in foreign currency(1)
  


(1)
Included as “Non-current financial assets measured at amortized cost”.