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JOINT ARRANGEMENTS
12 Months Ended
Dec. 31, 2024
JOINT ARRANGEMENTS [Abstract]  
JOINT ARRANGEMENTS
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 as of December 31, 2024 and 2023 and its results as of December 31, 2024, 2023 and 2022 is the following:

   
2024
   
2023
 
Consolidated Statements of Financial Position
           
Non current assets
   
-
     
-
 
Current assets
   
198,003
     
134,489
 
Total assets
   
198,003
     
134,489
 
Non current liabilities
   
-
     
-
 
Current liabilities
   
2,179,448
     
920,787
 
Total liabilities
   
2,179,448
     
920,787
 

   
2024
   
2023
   
2022
 
Consolidated Statements of Comprehensive Income
                 
Gross (loss) / profit
   
(508,855
)
   
(223,735
)
   
183
 
Operating loss
   
(567,997
)
   
(319,427
)
   
(53,261
)
Net Financial results
   
909,676
     
1,412,887
     
957,117
 
Comprehensive income
   
341,679
     
1,093,460
     
903,856