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DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS

12 Months Ended

Dec. 31, 2024

DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS [Abstract]

DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS

8.	DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS

8.a)	Other receivables

	2024				2023
	Current		Non Current		Current		Non Current
Turnover tax balance		106,029		-		221,537		-
VAT credit balance		1,602,417		-		3,237,694		-
Income tax credit balance⁽¹⁾		400,533		-		16,270,765		-
Other tax receivables		611,381		-		566,810		-
Prepaid expenses		6,500,659		15,505		1,731,443		46,834
Advances to suppliers⁽²⁾		30,459,892		-		46,973,925		-
Subsidies receivables		10,881,706		-		10,182,355		-
Deposits in guarantee		189,475		-		421,164		-
Other Receivables UT		74,681		-		95,200		-
Others		980,868		421,894		1,415,139		31,546
Total		51,807,641		437,399		81,116,032		78,380

⁽¹⁾	Provisions, net of advances paid, withholdings and perceptions

⁽²⁾	As of December 31, 2024, it includes Ps. 2,120,362 corresponding to Other current credits with SACDE Sociedad Argentina de Diseño y Desarrollo Estratégico S.A..

8.b)	Trade receivables

	2024			2023
	Current			Current
Third parties		142,860,672			96,720,799
Natural Gas Transportation		62,947,107			33,748,153
Liquids Production and Commercialization		45,620,911			34,435,457
Midstream		34,292,654			28,537,189
Related parties (Note 21)		13,457,571			14,563,457
Natural Gas Transportation		2,253,965			578,566
Liquids Production and Commercialization		2,377,690			1,407,443
Midstream		8,825,916			12,577,448
Allowance for doubtful accounts		(301,770	)		(657,145	)
Total		156,016,473			110,627,111

The movement of the allowance for doubtful accounts is as follows:

Balances as of 12/31/2021	1,750,545
Inflation adjustment restatement	(851,876	)
Additions	-
Applications	-
Reversals	-
Balances as of 12/31/2022	898,669
Inflation adjustment restatement	(610,087	)
Additions ⁽¹⁾	371,535
Applications	(2,972	)
Reversals	-
Balances as of 12/31/2023	657,145
Inflation adjustment restatement	(355,375	)
Additions	-
Applications	-
Reversals	-
Balances as of 12/31/2024	301,770

⁽¹⁾	Included in “Selling expenses”.

8.c)	Cash and cash equivalents

	2024		2023
Cash and banks		41,858,829		5,817,494
UT Cash and banks		234		536
Mutual funds in local currency		17,716,933		4,472,447
Interest-bearing accounts		397,688		4,079,845
UT Mutual funds		-		333
Total		59,973,684		14,370,655

8.d)	Contract liabilities

	2024				2023
	Current		Non Current		Current		Non Current
Natural Gas Transportation		2,447,291		35,128,670		2,447,291		37,576,135
Liquids Production and Commercialization		715,353		-		3,066,702		715,354
Midstream		4,289,078		76,587,398		4,297,985		81,068,978
UT		10,931		-		23,804		-
Total		7,462,653		111,716,068		9,835,782		119,360,467

During 2024, 2023 and 2022 financial years, the Company recognized Ps. 8,153,926, Ps. 8,899,978 and Ps. 3,187,073, respectively, in revenues for sales from contracts with clients in the Statement of Comprehensive Income, which had been included in the balance at the beginning of each year.

Revenues related to the contract liabilities will be recognized in the Statement of Comprehensive Income in accordance with the schedule stipulated with the customers for the provision of the service, which will be completed between 2025 and 2053.

8.e)	Other payables

	2024		2023
	Current		Current
Payable for compensation for the Board of Directors and Supervisory Committee		237,877		153,236
Others		6,106		8,724
Total		243,983		161,960

8.f)	Taxes payables

	2024				2023
	Current		Non Current		Current		Non Current
Health and safety tax		281,540		-		360,972		-
Withholdings and perceptions made to third parties		6,046,066		-		2,495,166		-
Turnover Tax		2,034,696		-		1,353,434		-
Tax on exports		1,941,642		-		759,762		-
Others		469,645		-		557,755		204,959
Total		10,773,589		-		5,527,089		204,959

8.g)	Trade payables

	2024		2023
	Current		Current
Suppliers		54,095,738		75,957,192
UT Suppliers		1,076,774		887,330
Customers (credit balances)		59,281		53,722
Related companies (Note 21)		21,490,731		13,959,705
Total		76,722,524		90,857,949

8.h)

Revenues

	2024		2023		2022
Sales of goods and services		1,206,612,985		967,498,077		1,079,018,197
Government grants		13,153,302		18,554,691		36,678,002
Total		1,219,766,287		986,052,768		1,115,696,199

Disaggregation of revenues of goods and services

Below is a table in which revenues are disaggregated considering the type of market and the opportunity to satisfy performance obligations:

Year ended December 31, 2024
			Liquids Production
	Natural Gas		and
	Transportation		Commercialization		Midstream		Telecommunications		Total
Primary geographical market
External Market		-		284,586,265		-		-		284,586,265
Local Market		441,126,075		258,922,887		215,735,400		6,242,358		922,026,720
Total		441,126,075		543,509,152		215,735,400		6,242,358		1,206,612,985
Timing of revenue recognition:
Over the time		441,126,075		29,669,142		215,735,400		6,242,358		692,772,975
At a point in time		-		513,840,010		-		-		513,840,010
Total		441,126,075		543,509,152		215,735,400		6,242,358		1,206,612,985

Year ended December 31, 2023
			Liquids Production
	Natural Gas		and
	Transportation		Commercialization		Midstream		Telecommunications		Total
Primary geographical market
External market		-		207,725,378		-		-		207,725,378
Local market		215,700,088		351,693,053		186,437,633		5,941,925		759,772,699
Total		215,700,088		559,418,431		186,437,633		5,941,925		967,498,077
Timing of revenue recognition:
Over the time		215,700,088		32,098,542		186,437,633		5,941,925		440,178,188
At a point in time		-		527,319,889		-		-		527,319,889
Total		215,700,088		559,418,431		186,437,633		5,941,925		967,498,077

Year ended December 31, 2022
			Liquids Production
	Natural Gas		and
	Transportation		Commercialization		Midstream		Telecommunications		Total
Primary geographical market
External market		-		314,068,033		-		-		314,068,033
Local market		275,616,557		355,968,879		127,129,881		6,234,847		764,950,164
Total		275,616,557		670,036,912		127,129,881		6,234,847		1,079,018,197
Timing of revenue recognition:
Over the time		275,616,557		30,543,960		127,129,881		6,234,847		439,525,245
At a point in time		-		639,492,952		-		-		639,492,952
Total		275,616,557		670,036,912		127,129,881		6,234,847		1,079,018,197

Detailed information of revenues on each business segment for the years ended December 31, 2024, 2023 and 2022 is disclosed below:

➢

Natural Gas Transportation:

	2024		2023		2022
Firm		369,712,035		176,352,490		230,458,685
Access and Charge		15,568,955		7,066,728		9,561,067
Interruptible and others		55,845,085		32,280,870		35,596,805
Total		441,126,075		215,700,088		275,616,557

➢

Liquids Production and Commercialization:

	2024		2023		2022
Product		513,532,103		527,319,889		639,492,952
Services		29,977,049		32,098,542		30,543,960
Total		543,509,152		559,418,431		670,036,912

➢

Midstream:

	2024		2023		2022
Conditioning and treatment		32,966,004		33,996,907		40,291,221
Operation and maintenance		7,535,586		6,129,280		3,057,292
Steam sales		2,321,581		2,306,975		2,527,935
Construction		-		731,120		16,025
UT Construction		-		52,520		295,240
Transportation and conditioning of Natural Gas		167,010,774		136,147,207		79,458,971
Others		5,901,455		7,073,624		1,483,197
Total		215,735,400		186,437,633		127,129,881

8.i)	Net cost of sales

	2024			2023			2022
Inventories at the beginning of the year		16,700,896			12,433,865			15,449,955
Purchases		201,215,421			291,751,438			326,382,064
Operating expenses (Note 8.j.)		360,988,524			332,588,254			321,890,982
Inventories at the end of the year		(3,664,704	)		(16,700,896	)		(12,433,865	)
Total		575,240,137			620,072,661			651,289,136

8.j)	Expenses by nature – Information required under art. 64 paragraph I, clause B) Commercial Companies Law for the years ended December 31, 2024, 2023 and 2022

	2024

			Operating expenses
Accounts	Total		Regulated activities		Non-regulated activities		Administrative expenses		Selling expenses			Financial expenses

Salaries, wages and other compensations		104,700,571		43,704,634		36,297,210		19,225,121		5,473,606			-
Social security taxes		17,891,233		7,297,207		6,424,722		3,146,337		1,022,967			-
Compensation to Directors and Supervisory Committee		870,724		-		-		870,724		-			-
Professional services fees		21,736,846		2,235,743		2,453,653		14,621,232		2,426,218			-
Technical operator assistance fees		26,405,660		10,027,335		16,378,325		-		-			-
Materials		18,419,298		6,385,319		12,026,592		-		7,387			-
Third parties services		11,300,606		4,285,078		6,231,082		784,446		-			-
Telecommunications and post expenses		926,278		246,251		328,570		308,457		43,000			-
Rents		3,658,382		464,134		3,089,368		95,646		9,234			-
Transports and freight		4,923,703		2,854,337		1,978,635		90,731		-			-
Easements		1,198,369		1,198,369		-		-		-			-
Offices supplies		351,057		134,685		65,222		132,580		18,570			-
Travel expenses		2,829,403		1,186,035		447,228		1,091,560		104,580			-
Insurance		3,636,825		1,958,089		1,664,758		-		13,978			-
Property, plant and equipment maintenance		54,502,994		39,301,897		13,439,683		1,761,264		150			-
Depreciation of property, plant and equipment		129,666,014		81,833,041		43,825,468		4,007,505		-			-
Taxes and contributions		76,235,531		10,013,006		344,159		113,762		65,764,604	⁽¹⁾		-
Advertising		2,199,517		-		116		-		2,199,401			-
Banks expenses		1,151,980		-		-		1,151,980		-			-
Interests expenses		55,710,108		-		-		-		-			55,710,108
Foreign exchange loss		151,769,496		-		-		-		-			151,769,496
Other expenses		3,050,993		983,811		1,884,762		26,337		156,083			-

Total 2024		693,135,588		214,108,971		146,879,553		47,427,682		77,239,778			207,479,604

⁽¹⁾	Includes tax on exports for Ps. 23,126,803 for the year ended December 31, 2024.

	2023

			Operating expenses
Accounts	Total		Regulated activities		Non-regulated activities		Administrative expenses		Selling expenses			Financial expenses

Salaries, wages and other compensations		101,747,855		41,314,446		34,253,912		20,934,042		5,245,455			-
Social security taxes		16,846,649		7,071,046		6,103,677		2,664,412		1,007,514			-
Compensation to Directors and Supervisory Committee		886,376		-		-		886,376		-			-
Professional services fees		16,165,302		973,987		1,736,401		9,867,393		3,587,521			-
Technical operator assistance fees		13,236,442		520,020		12,716,422		-		-			-
Materials		16,746,025		4,570,168		12,175,857		-		-			-
Third parties services		10,388,995		5,088,025		4,893,423		407,547		-			-
Telecommunications and post expenses		471,054		100,411		188,660		160,594		21,389			-
Rents		2,865,153		342,368		2,440,150		78,208		4,427			-
Transports and freight		4,895,486		3,009,188		1,815,559		70,717		22			-
Easements		1,745,754		1,745,754		-		-		-			-
Offices supplies		558,629		274,003		107,231		157,167		20,228			-
Travel expenses		2,094,139		1,065,478		498,646		444,018		85,997			-
Insurance		4,619,418		2,714,219		1,617,705		287,494		-			-
Property, plant and equipment maintenance		44,148,962		32,648,194		10,546,094		954,674		-			-
Depreciation of property, plant and equipment		132,025,049		81,879,189		43,351,103		6,794,757		-			-
Taxes and contributions		67,640,284		13,054,980		372,968		438,809		53,773,527	⁽¹⁾		-
Advertising		1,926,424		-		514		-		1,925,910			-
Doubtful accounts		371,535		-		-		-		371,535			-
Banks expenses		362,829		-		-		362,829		-			-
Interests expenses		53,629,953		-		-		-		-			53,629,953
Foreign exchange loss		1,043,252,045		-		-		-		-			1,043,252,045
Other expenses		3,616,045		1,286,802		2,111,654		13,292		204,297			-

Total 2023		1,540,240,403		197,658,278		134,929,976		44,522,329		66,247,822			1,096,881,998

⁽¹⁾	Includes tax on exports for Ps. 17,933,982 for the year ended December 31, 2023.

	2022

			Operating expenses
Accounts	Total		Regulated activities		Non-regulated activities		Administrative expenses		Selling expenses			Financial expenses

Salaries, wages and other compensations		90,170,902		37,867,629		30,715,209		16,538,629		5,049,435			-
Social security taxes		17,097,872		7,012,285		6,039,652		2,995,454		1,050,481			-
Compensation to Directors and Supervisory Committee		853,749		-		-		853,749		-			-
Professional services fees		11,150,476		332,096		4,073,075		6,092,554		652,751			-
Technical operator assistance fees		20,799,669		1,903,579		18,896,090		-		-			-
Materials		10,814,079		3,137,530		7,668,398		-		8,151			-
Third parties services		10,602,306		4,607,680		4,670,503		1,324,123		-			-
Telecommunications and post expenses		572,636		109,370		180,539		250,441		32,286			-
Rents		739,033		119,208		547,747		65,460		6,618			-
Transports and freight		4,162,758		2,367,578		1,711,315		81,328		2,537			-
Easements		1,362,741		1,062,811		299,930		-		-			-
Offices supplies		318,342		125,780		65,087		122,037		5,438			-
Travel expenses		1,343,232		693,987		237,963		313,495		97,787			-
Insurance		4,663,808		2,705,497		1,609,012		349,299		-			-
Property, plant and equipment maintenance		43,835,696		34,660,631		8,641,429		533,636		-			-
Depreciation of property, plant and equipment		132,728,649		89,416,777		35,176,127		8,135,745		-			-
Taxes and contributions		73,631,657		12,114,336		412,882		200,789		60,903,650	⁽¹⁾		-
Advertising		1,282,288		-		-		-		1,282,288			-
Banks expenses		673,698		-		-		673,698		-			-
Interests expenses		46,102,674		-		-		-		-			46,102,674
Foreign exchange loss		353,347,594		-		-		-		-			353,347,594
Costs of services rendered to third parties		331,756		-		331,756		-		-			-
Other expenses		2,972,236		843,242		1,534,252		492,248		102,494			-

Total 2022		829,557,851		199,080,016		122,810,966		39,022,685		69,193,916			399,450,268

⁽¹⁾	Includes tax on exports for Ps. 24,815,929 for the year ended December 31, 2022.

8.k)	Net financial results

	2024			2023			2022
Financial income
Interest income		23,244,613			52,676,148			12,439,671
Foreign exchange gain		92,950,818			588,431,900			189,485,882
Subtotal		116,195,431			641,108,048			201,925,553
Financial expenses
Interest expense ⁽¹⁾		(55,710,108	)		(53,629,953	)		(46,102,674	)
Foreign exchange loss		(151,769,496	)		(1,043,252,045	)		(353,347,594	)
Subtotal		(207,479,604	)		(1,096,881,998	)		(399,450,268	)
Other financial results
Notes repurchase results		-			-			(6,985,912	)
Derivative financial instruments result		-			-			(865,194	)
Fair value gains on financial instruments through profit or loss		179,618,396			426,400,494			163,619,184
Others		(17,367,234	)		(6,035,045	)		(5,225,493	)
Subtotal		162,251,162			420,365,449			150,542,585
(Loss) / Gain on net monetary position		(49,407,255	)		(123,081,449	)		25,553,954
Total		21,559,734			(158,489,950	)		(21,428,176	)

⁽¹⁾	It includes Ps. 1,409,123, Ps. 2,077,850 and Ps. 2,594,867 of accrued interest corresponding to leasing liabilities, for the years ended December 31, 2024, 2023 and 2022, respectively.

In accordance with IAS 29, the Company has opted to present the (loss) / gain on net monetary position included in the financial results, and in a single line. The presentation made by the Company implies that the nominal magnitudes of the financial results have been restated by inflation. This means that the real magnitudes of the financial results are different from the components of the financial results previously presented.

8.l)	Other operating results, net

	2024			2023			2022
Result from disposal of Property, plant and equipment		(1,849,859	)		-			-
Reversal / (Charge) for provisions ⁽¹⁾		1,162,562			(1,526,033	)		(2,420,188	)
Recovery of insurance		1,153,314			48,063			196,658
Recovery of expenses		1,154,948			-			-
Derecognition of tax credits		(729,560	)		-			-
Others		(76,014	)		(174,392	)		1,704,771
Total		815,391			(1,652,362	)		(518,759	)

⁽¹⁾	Including legal expenses.

8.m)	Financial assets at amortized cost

	2024				2023
	Current		Non Current		Current		Non Current
Fixed term deposits in foreign currency		240,634,495		-		220,547,716		173,678,840
Other time deposits		30,975,000		-		8,817,393		59,744,235
Total		271,609,495		-		229,365,109		233,423,075

8.n)	Financial assets at fair value through profit or loss

	2024		2023
	Current		Current
Corporate bonds with related parties		20,471,497		21,739,106
Corporate bonds		197,191,523		226,263,421
Public debt bonds		201,860,331		182,456,539
Equity instruments		45,432,098		43,258,091
Total		464,955,449		473,717,157

8.o)	Payroll and social security taxes payable

	2024		2023
	Current		Current
Vacation benefit payable		8,964,896		8,016,798
Annual bonus payable		7,055,433		2,717,233
Social security taxes payable		3,402,055		2,808,103
UT		25,916		14,271
Total		19,448,300		13,556,405