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NON-FINANCIAL ASSETS AND LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2021
Non-financial Assets And Liabilities  
Schedule of changes in property plant and equipment
      Original values
Type of good     At the beginning    Increases (1)   Impairment   Transfers   Decreases   Traslation effect   Reclasification to assets clasified as held for sales   At the end 
                 
                 
Land     14   -   -   -   -   -   -   14
Buildings     138   -   -   2   -   -   -   140
Equipment and machinery     1,363   17   -   78   -   -   -   1,458
Wells     764   11   -   96   (4)   -   -   867
Mining property     253   -   -   -   -   -   -   253
Vehicles     8   -   -   -   -   -   -   8
Furniture and fixtures and software equipment     52   1   -   3   (1)   -   -   55
Communication equipments     3   -   -   -   -   -   -   3
Materials, spare and tools     31   19   -   (20)   -   -   -   30
Petrochemical industrial complex     17   -   -   6   -   -   -   23
Work in progress     133   153   -   (151)   -   -   -   135
Advances to suppliers     14   52   -   (14)   -   -   -   52
Other goods     2   -   -   -   -   -   -   2
Total at 12.31.2021     2,792   253   -   -   (5)   -   -   3,040
Total at 12.31.2020     5,234   239   (403)   -   (11)   (70)   (2,197)   2,792

 

(1)Includes US$ 10 million corresponding to capitalized financial costs for 2020. There are no capitalized financial costs in the fiscal year ended December 31, 2021.

 

      Depreciation   Net book values
Type of good     At the beginning    Decreases    Impairment   For the year (1)   Traslation effect   Reclasification to assets clasified as held for sales   At the end   At 12.31.2021   At 12.31.2020
                   
                   
Land     -   -   -   -   -   -   -   14   14
Buildings     (61)   -   -   (7)   -   -   (68)   72   77
Equipment and machinery     (437)   -   -   (99)   -   -   (536)   922   926
Wells     (460)   -   -   (72)   -   -   (532)   335   304
Mining property     (161)   -   -   (13)   -   -   (174)   79   92
Vehicles     (6)   -   -   (1)   -   -   (7)   1   2
Furniture and fixtures and software equipment     (44)   -   -   (4)   -   -   (48)   7   8
Communication equipments     (1)   -   -   -   -   -   (1)   2   2
Materials, spare and tools     (3)   -   -   -   -   -   (3)   27   28
Petrochemical industrial complex     (9)   -   -   (3)   -   -   (12)   11   8
Work in progress     -   -   -   -   -   -   -   135   133
Advances to suppliers     -   -   -   -   -   -   -   52   14
Other goods     -   -   -   -   -   -   -   2   2
Total at 12.31.2021     (1,182)   -   -   (199)   -   -   (1,381)   1,659    
Total at 12.31.2020     (1,727)   3   85   (276)   21   712   (1,182)       1,610

 

(1)Includes US$ 77 million corresponding to discontinued operations for 2020.
Schedule of changes in intangible assets

11.2Intangible assets

    Original values
Type of good   At the beginning     Increases   Impairment(1)   Decreases   Traslate Effect   Reclasification to assets clasified as held for sales    
                At the end
                 
Concession agreements   20     -   (18)   -   -   -   2
Goodwill   35     -   -   -   -   -   35
Intangibles identified in acquisitions of companies   7     -   -   -   -   -   7
Other   -     4   -   (4)   -   -   -
Total at 12.31.2021   62     4   (18)   (4)   -   -   44
Total at 12.31.2020   312     -   (147)   -   (3)   (100)   62

 

    Depreciation
Type of good   At the beginning     Impairment(1)   For the year(2)   Reclasification to assets clasified as held for sales   At the end
           
           
Concession agreements   (18)     16   -   -   (2)
Intangibles identified in acquisitions of companies   (3)     -   (1)   -   (4)
Total at 12.31.2021   (21)     16   (1)   -   (6)
Total at 12.31.2020   (161)     129   (5)   16   (21)

 

    Net book values
Type of good   At 12.31.2021     At 12.31.2020
       
         
Concession agreements   -     2
Goodwill   35     35
Intangibles identified in acquisitions of companies   3     4
Total at 12.31.2021   38      
Total at 12.31.2020         41

 

(1)Considering the assumptions detailed in Note 11.1, the assessment of recoverability for the Power Generation segment, resulted in the recognition of impairment losses for the Diamante hydroelectric power plant in an amount of US$ 2 million in 2021, and the recognition of impairment losses for the Diamante and Nihuiles hydroelectric power plants in an amount of US$ 18 million in 2020
(2)It includes US$ 1 million corresponding to Discontinued operations for fiscal year 2020.
Schedule of deferred tax assets and liabilities

 

The composition of the deferred tax assets and liabilities is as follows:

 

  12.31.2020   Profit (loss) (1)   12.31.2021
Tax loss carryforwards 126   (113)   13
Property, plant and equipment -   80   80
Intangible assets 3   (3)   -
Financial assets at fair value through profit and loss -   3   3
Trade and other receivables 6   (1)   5
Provisions 28   29   57
Salaries and social security payable  3   (3)   -
Defined benefit plans 5   4   9
Trade and other payables 3   (3)   -
Adjustment for tax inflation 4   (4)   -
Deferred tax asset 178   (11)   167
Property, plant and equipment (13)   13   -
Intangible assets (11)   (2)   (13)
Investments in companies (25)   14   (11)
Inventory (6)   (4)   (10)
Financial assets at fair value through profit and loss (4)   (10)   (14)
Trade and other receivables (7)   (24)   (31)
Taxes payables (3)   -   (3)
Adjustment for tax inflation (2)   1   (1)
Deferred tax liabilities (71)   (12)   (83)
Deferred tax asset, net 107   (23)   84

 

(1)Includes US$ 13 million corresponding to discontinued operations.

 

 

    12.31.2019   Profit (loss) (1)   Gain on monetary position, net   Reclasification to assets clasified as held   Other reclasifications   12.31.2020
Tax loss carryforwards   111   18   -   (3)   -   126
Intangible assets   -   3   -   -   -   3
Trade and other receivables   13   9   -   (16)   -   6
Trade and other payables   13   (2)   -   (8)   -   3
Salaries and social security payable    2   4   -   (3)   -   3
Defined benefit plans   7   (1)   -   (1)   -   5
Provisions   39   (1)   -   (10)   -   28
Adjustment for tax inflation   8   (4)   -   -   -   4
Deferred tax asset   193   26   -   (41)   -   178
                         
Property, plant and equipment   (384)   90   10   271   -   (13)
Adjustment for tax inflation   (99)   (81)   1   41   136   (2)
Investments in companies   (8)   (17)   -   -   -   (25)
Intangible assets   (13)   2   -   -   -   (11)
Inventory   (10)   (1)   -   5   -   (6)
Trade and other receivables   (4)   (3)   -   -   -   (7)
Financial assets at fair value through profit and loss   (11)   3   -   4   -   (4)
Taxes payable   (4)   1   -   -   -   (3)
Deferred tax liabilities   (533)   (6)   11   321   136   (71)
Deferred tax asset (liabilities), net   (340)   20   11   280   136   107

 

(1)Includes (US$ 42) million corresponding to discontinued operations.
Schedule of inventories

 

11.4Inventories

 

    12.31.2021   12.31.2020
Current        
Materials and spare parts   87   79
Advances to suppliers   8   3
In process and finished products   60   34
Total   155   116
Schedule of provisions

 

11.5Provisions

 

    12.31.2021   12.31.2020
Non-Current        
Provisions for contingencies   106   91
Asset retirement obligation and decommisioning  of wind turbines   19   19
Environmental remediation   15   1
Other provisions   1   -
Total Non-Current   141   111
         
Current        
Provisions for contingencies   -   12
Asset retirement obligation and decommisioning  of wind turbines   2   2
Environmental remediation   3   2
Total Current   5   16
Schedule of changes in provisions

The evolution of the provisions is set out below:

    12.31.2021
    For contingencies   Asset retirement obligation and decommisioning of wind turbines   For environmental remediation
             
At the beginning of the year   103   21   3
Increases   16   3   15
Decreases   -   (1)   -
Reversal of unused amounts (1)   (13)   (2)   -
At the end of the year   106   21   18

 

(1)Includes recovery of US$ 12.5 million related to waive the timely granted dispatch of the PEPE IV Wind Farm (see Note 2.1.2.3).

 

    12.31.2020
    For contingencies   Asset retirement obligation and decommisioning of wind turbines   For environmental remediation
             
At the beginning of the year   139   22   3
Increases   21   2   -
Decreases   (1)   -   -
Gain on monetary position, net   (15)   -   -
Reversal of unused amounts   (8)   (3)   -
Reclasification liabilities associated to assets classified as held for sale   (33)   -   -
At the end of the year   103   21   3
             
             
             
             
             
    12.31.2019
    For contingencies   Asset retirement obligation and decommisioning of wind turbines    For environmental remediation
             
At the beginning of the year   142   22   5
Increases   41   3   -
Decreases   (10)   -   (2)
Exchange differences   (4)   -   -
Reversal of unused amounts   (13)   (3)   -
Gain on monetary position, net   (17)   -   -
At the end of the year   139   22   3
Schedule of income tax and minimum notional income tax liability

 

11.6Income tax and minimum notional income tax liability
    12.31.2021   12.31.2020
Non-current        
Income tax   158   131
Minimum notional income tax   30   -
Total non-current   188   131
         
Current        
Income tax, net of witholdings and advances   20   11
Total current   20   11
Schedule of tax liabilities

 

    12.31.2021   12.31.2020
Non-current        
Sales tax   -   2
Total non-current   -   2
         
Current        
Value added tax   4   12
Personal assets tax provision    2   1
Payment plans   -   1
Tax withholdings to be deposited   6   2
Royalties   9   4
Extraordinary Canon    -   16
Other   2   -
Total current   23   36
Schedule of defined benefit plan information

  12.31.2021
  Present value of the obligation   Present value of assets   Net liability at the end of the year
Liabilities at the beginning  25   (4)   21
Items classified in profit or loss           
Current services cost 1   -   1
Cost for interest 13   (3)   10
Items classified in other comprehensive
 income		          
Actuarial losses 1   2   3
Benefit payments (2)   -   (2)
(Gain) Loss on net monetary position, net (5)   1   (4)
At the end 33   (4)   29

  

 

  12.31.2020
  Present value of the obligation   Present value of assets   Net liability at the end of the year
Liabilities at the beginning  36   (5)   31
Items classified in profit or loss          
Current services cost 3   -   3
Cost for interest 16   (2)   14
Items classified in other comprehensive
 income		          
Actuarial (gains) losses (3)   1   (2)
Benefit payments (2)   -   (2)
Reclasification liabilities associated to assets classified as held for sale (10)   -   (10)
(Gain) Loss on net monetary position, net (15)   2   (13)
At the end 25   (4)   21
           
           
           
  12.31.2019
  Present value of the obligation   Present value of assets   Net liability at the end of the year
Liabilities at the beginning  40   (5)   35
Items classified in profit or loss          
Current services cost 3   -   3
Cost for interest 15   (2)   13
Items classified in other comprehensive
 income		          
Actuarial (gains) losses (2)   -   (2)
Benefit payments (2)   -   (2)
(Gain) Loss on net monetary position, net (18)   2   (16)
At the end 36   (5)   31
Schedule of estimated expected benefits payments

  12.31.2021
Less than one year 5
One to two years 3
Two to three years 3
Three to four years 3
Four to five years 3
Six to ten years 12
Significant actuarial assumptions used were as follows:

Significant actuarial assumptions used were as follows:

 

  12.31.2021   12.31.2020   12.31.2019
Discount rate 5%   4%   5%
Salaries increase 1%   1%   1%
Average inflation 54%   46%   27%
Schedule of sensitivity analyses on actuarial assumptions variations

The following sensitivity analysis shows the effect of a variation in the discount rate and salaries increase on the obligation amount:

 

  12.31.2021
Discount rate: 4%  
Obligation 36
Variation 3
  10%
   
Discount rate: 6%  
Obligation 31
Variation (2)
  (8%)
   
Salaries increase: 0%  
Obligation 32
Variation (1)
  (3%)
   
Salaries increase: 2%  
Obligation 34
Variation 1
  4%
Schedule of salaries and social security payable

11.9Salaries and social security payable
    12.31.2021   12.31.2020
Current        
Salaries and social security contributions   4   3
Provision for vacations   7   7
Provision for gratifications and annual bonus for efficiency   17   13
Total current   28   23