XML 74 R43.htm IDEA: XBRL DOCUMENT v3.25.1
LOANS (Tables)
 12 Months Ended
Dec. 31, 2024
LOANS [Abstract]  
Short-term and Long-term Loans
Short-term and long-term loans as of December 31, 2024 and 2023 comprise the following:

    2024
     2023
  
Current Loans
            
2031 Notes Interest
    18,625,880       -  
2018 Notes Interest
    
-
      
9,315,114
  
Bank loans
    51,962,324       108,870,337  
Leases liabilities
   
7,808,178
      
13,707,861
  
Total Current Loans
    
78,396,382
      
131,893,312
  
Non Current Loans
                
2018 Notes(1)
    
-
      
827,993,739
  
2031 Notes
    495,544,257       -  
Leases liabilities
    
6,168,992
      
23,782,860
  
Bank loans
     -       43,408,897  
Total Non Current Loans
    
501,713,249
      
895,185,496
  
Total Loans (2)
    
580,109,631
      
1,027,078,808
  
(1)
As of December 31, 2023, it is net of Notes repurchase of Ps 52,244,896.
(2)
Net of issuance expenses and issue price of Ps. 10,135,743 and Ps. 114,727 as of December 31, 2024 and 2023, respectively.
Activity of Loans
The activity of the loans as of December 31, 2024, 2023, and 2022 is the following:

   
2024
    
2023
     2022  
   
Leases
liabilities
    
Other
payables
    
Leases
liabilities
    
Other
payables
    
Leases
liabilities
    
Other
payables
  
Beginning balance
    
37,490,721
      
989,588,087
      
28,903,470
      
612,705,331
       39,926,066       654,624,186  
Inflation adjustment restatement
    
(21,235,264
)
    
(560,996,531
)
    
(38,288,281
)
    
(577,984,887
)
     (32,346,531 )     (397,692,741 )
Accrued interest
    
1,409,124
      
47,625,530
      
1,998,012
      
15,064,696
       2,594,867       39,845,742  
Effect of foreign exchange difference
    
6,047,022
      
152,533,619
      
48,973,768
      
920,060,701
       27,164,425       323,176,146  
VAT unpaid installments
    
-
      
-
      
-
      
-
       157,206       -  
Proceeds from loans
     -       585,355,570       3,918,826       77,837,122       -       41,805,876  
Acquisition of notes result
    
-
      
-
      
-
      
-
       -       6,985,912  
Payment of loans(1)
    
(8,253,527
)
    
(615,942,992
)
    
(6,280,876
)
    
(23,716,258
)
     (6,113,542 )     (584,462 )
Acquisition of notes
     -       -       -       -       -       (16,631,309 )
Interest paid(2)
    
(1,480,906
)
    
(32,030,822
)
    
(1,734,198
)
    
(34,378,618
)
     (2,479,021 )     (38,824,019 )
Ending balance
    
13,977,170
      
566,132,461
      
37,490,721
      
989,588,087
       28,903,470       612,705,331  
(1)
For the years ended December 31, 2024, 2023 and 2022, Ps. 7,492,491, Ps. 5,844,723 and Ps. 6,113,542 respectively, were cancelled through the offsetting debit balances maintained with the creditor (Pampa Energía).
(2)
For the years ended December 31, 2024, 2023 and 2022, Ps. 1,449,607 , Ps. 1,734,198 and Ps. 2,479,021 respectively, were cancelled through the offsetting debit balances maintained with the creditor (Pampa Energía).
Maturities of Current and Non-Current Loans
The maturities of current and non-current financial debt, net of issuance expenses, as of December 31, 2024 are as follows:

         
To due
        
   
Due
    
As of
12/31/2025
    
From
1/01/2026 to
12/31/2026
    
From
01/01/2027 to
12/31/2027
    
From
1/01/2028 to
12/31/2028
    
From
01/01/2029
onwards
   
Total
  
2031 Notes     -       -       -       -       -       495,544,257       495,544,257  
2031 Notes interests
    
-
      
18,625,880
      
-
      
-
      
-
       -      
18,625,880
  
Lease liabilities
    
-
      
7,808,178
      
5,295,024
      
873,968
      
-
       -      
13,977,170
  
Bank loans
     -       51,962,324       -       -       -       -       51,962,324  
Total
    
-
      
78,396,382
      
5,295,024
      
873,968
      
-
       495,544,257      
580,109,631
  
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, 2024, and their present book value:

   
12/31/2024
  
As of 12/31/2025
     8,496,476  
From 1/01/2026 to 12/31/2026
    
5,432,723
  
From 1/01/2027 to 12/31/2027
    
866,831
  
From 1/01/2028 to 12/31/2028
    
-
  
From 1/01/2029 onwards
    
-
  
Total minimum future payments
    
14,796,030
  
Future financial charges on financial leases
    
(818,860
)
Book Value financial leases
    
13,977,170
  
Conditions of 2018 Notes
On July 24, 2024, within the framework of the 2024 Program, the Company issued the 2031 Notes in accordance with the following characteristics:

 
2031 Notes
Amount in US$
490,000,000
Interest rate
8.50%
Issuance price
98.712%

 
Scheduled
Repayment Date
Percentage of
 Original
Principal 
Amount Payable
Amortization
July 24, 2031
100%
Interest payment frequency
 Semiannual, payable on January 24 and July 24 of each year.
Guarantor
-
Detailed of Other Financial Indebtedness
Bank loans

The following table shows the details of other financial indebtedness as of December 31, 2024:

Currency
  
Amount
    
Interest rate
  
Expiration date
USD
    
25,422,559
       5.97
 %
Between January and May 2025

All of these loans are guaranteed by time deposits included as “Financial Assets at Current and Non-Current Amortized Cost.”
Disclosure of Bank Loans
In March 2022, the subsidiary Telcosur received a loan of US$ 24 million. During the first quarter of 2023, Telcosur managed the extension of the loan’s maturity date. As of December 31, 2024, the main terms of this loan were:
 
Amount in US$
  
24,000,000
  
Interest rate
   1.5% annual  
Amortization date
  
January 27, 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”.