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v3.23.1

NON-FINANCIAL ASSETS AND LIABILITIES (Tables) | 12 Months Ended
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Dec. 31, 2022
Non-financial Assets And Liabilities |
Schedule of changes in property plant and equipment |
Schedule of changes in property plant and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | Original values
Type of good |  |  | At the beginning |  | Increases (1) |  | Increases for incorporation (2) |  | Transfers |  | Decreases |  | Impairment |  |
|  |  |  |  |  |  |  | At the end
Lands |  |  | 14 |  | - |  | - |  | - |  | - |  | - |  | 14
Buildings |  |  | 140 |  | - |  | 3 |  | - |  | - |  | - |  | 143
Equipment and machinery |  |  | 1,458 |  | 5 |  | 291 |  | 163 |  | (1) |  | - |  | 1,916
Wells |  |  | 867 |  | 9 |  | - |  | 145 |  | (1) |  | (28) |  | 992
Mining property |  |  | 253 |  | - |  | - |  | - |  | - |  | (72) |  | 181
Vehicles |  |  | 8 |  | 2 |  | - |  | - |  | - |  | - |  | 10
Furniture and fixtures and software equipment |  |  | 55 |  | 2 |  | - |  | 2 |  | - |  | - |  | 59
Communication equipments |  |  | 3 |  | - |  | - |  | - |  | - |  | - |  | 3
Materials, spare parts and tools |  |  | 30 |  | 43 |  | - |  | (37) |  | - |  | - |  | 36
Petrochemical industrial complex |  |  | 23 |  | - |  | - |  | 6 |  | - |  | - |  | 29
Work in progress |  |  | 135 |  | 352 |  | - |  | (233) |  | - |  | - |  | 254
Advances to suppliers |  |  | 52 |  | 37 |  | - |  | (46) |  | - |  | - |  | 43
Other goods |  |  | 2 |  | - |  | 1 |  | - |  | - |  | - |  | 3
Total at 12.31.2022 |  |  | 3,040 |  | 450 |  | 295 |  | - |  | (2) |  | (100) |  | 3,683
Total at 12.31.2021 |  |  | 2,792 |  | 253 |  | - |  | - |  | (5) |  | - |  | 3,040
| (1) | Includes US$ 11 million corresponding to capitalized financial costs in the fiscal year ended December 31, 2022. There are no capitalized financial costs in the fiscal year ended December 31, 2021.
| (2) | See Notes 5.1.3 and 5.1.5.
|  |  | Depreciation |  | Net book values
Type of good |  |  | At the beginning |  | Decreases |  | For the year |  | Impairment |  | At the end |  | At 12.31.2022 |  | At 12.31.2021
Lands |  |  | - |  | - |  | - |  | - |  | - |  | 14 |  | 14
Buildings |  |  | (68) |  | - |  | (8) |  | - |  | (76) |  | 67 |  | 72
Equipment and machinery |  |  | (536) |  | - |  | (103) |  | - |  | (639) |  | 1,277 |  | 922
Wells |  |  | (532) |  | - |  | (77) |  | 20 |  | (589) |  | 403 |  | 335
Mining property |  |  | (174) |  | - |  | (10) |  | 50 |  | (134) |  | 47 |  | 79
Vehicles |  |  | (7) |  | - |  | (1) |  | - |  | (8) |  | 2 |  | 1
Furniture and fixtures and software equipment |  |  | (48) |  | - |  | (4) |  | - |  | (52) |  | 7 |  | 7
Communication equipments |  |  | (1) |  | - |  | - |  | - |  | (1) |  | 2 |  | 2
Materials, spare parts and tools |  |  | (3) |  | - |  | - |  | - |  | (3) |  | 33 |  | 27
Petrochemical industrial complex |  |  | (12) |  | - |  | (5) |  | - |  | (17) |  | 12 |  | 11
Work in progress |  |  | - |  | - |  | - |  | - |  | - |  | 254 |  | 135
Advances to suppliers |  |  | - |  | - |  | - |  | - |  | - |  | 43 |  | 52
Other goods |  |  | - |  | - |  | - |  | - |  | - |  | 3 |  | 2
Total at 12.31.2022 |  |  | (1,381) |  | - |  | (208) |  | 70 |  | (1,519) |  | 2,164 |  |
Total at 12.31.2021 |  |  | (1,182) |  | - |  | (199) |  | - |  | (1,381) |  |  |  | 1,659
Schedule of changes in intangible assets |
Schedule of changes in intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Original values
Type of good |  | At the beginning |  |  | Increases |  | Increases for incorporation (1) |  | Decreases |  | Impairment (2) |  | At the end
Concession agreements |  | 2 |  |  | - |  | - |  | - |  | - |  | 2
Goodwill |  | 35 |  |  | - |  | - |  | - |  | - |  | 35
Intangible identified in acquisitions of companies |  | 7 |  |  | - |  | 94 |  | - |  | - |  | 101
Digital assets |  | - |  |  | 31 |  | - |  | (18) |  | (6) |  | 7
Total at 12.31.2022 |  | 44 |  |  | 31 |  | 94 |  | (18) |  | (6) |  | 145
Total at 12.31.2021 |  | 62 |  |  | 4 |  |  |  | (4) |  | (18) |  | 44
|  | Amortization |  |  |  |
Type of good |  | At the beginning |  |  | For the year |  | Impairment (2) |  | At the end |  |  |  |
Concession agreements |  | (2) |  |  | - |  | - |  | (2) |  |  |  |
Intangible identified in acquisitions of companies |  | (4) |  |  | (1) |  | - |  | (5) |  |  |  |
Total at 12.31.2022 |  | (6) |  |  | (1) |  | - |  | (7) |  |  |  |
Total at 12.31.2021 |  | (21) |  |  | (1) |  | 16 |  | (6) |  |  |  |
|  | Net book values |  |  |  |  |  |  |  |
Type of good |  | At 12.31.2022 |  |  | At 12.31.2021 |  |  |  |  |  |  |  |
Goodwill |  | 35 |  |  | 35 |  |  |  |  |  |  |  |
Intangible identified in acquisitions of companies |  | 96 |  |  | 3 |  |  |  |  |  |  |  |
Digital assets |  | 7 |  |  |  |  |  |  |  |  |  |  |
Total at 12.31.2022 |  | 138 |  |  |  |  |  |  |  |  |  |  |
Total at 12.31.2021 |  |  |  |  | 38 |  |  |  |  |  |  |  |
| (1) | See Notes 5.1.3 and 5.1.5.
| (2) | As of December 31, 2022, digital assets recoverability was affected by their closing market value, resulted in the recognition of impairment losses for US$ 6 million. 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.
Schedule of inventories |
Schedule of deferred tax assets and liabilities |  |  |  |  |  |  |
| 12.31.2021 |  | Profit (loss) |  | Increases for incorporation (1) |  | 12.31.2022
Tax loss carryforwards | 13 |  | 6 |  | - |  | 19
Property, plant and equipment | 80 |  | 71 |  | - |  | 151
Financial assets at fair value through profit and loss | 3 |  | (3) |  | - |  | -
Trade and other receivables | 5 |  | (1) |  | - |  | 4
Provisions | 57 |  | 2 |  | - |  | 59
Salaries and social security payable | - |  | 1 |  | - |  | 1
Defined benefit plans | 9 |  | (1) |  | - |  | 8
Other | - |  | 1 |  | - |  | 1
Deferred tax asset | 167 |  | 76 |  | - |  | 243
Property, plant and equipment | - |  | - |  | (79) |  | (79)
Intangible assets | (13) |  | - |  | (22) |  | (35)
Investments in companies | (11) |  | 3 |  | - |  | (8)
Inventories | (10) |  | (9) |  | - |  | (19)
Financial assets at fair value through profit and loss | (14) |  | (1) |  | - |  | (15)
Trade and other receivables | (31) |  | 8 |  | - |  | (23)
Taxes payables | (3) |  | 1 |  | - |  | (2)
Tax inflation adjustment | (1) |  | (124) |  | (13) |  | (138)
Deferred tax liability | (83) |  | (122) |  | (114) |  | (319)
Deferred tax (liability) asset | 84 |  | (46) |  | (114) |  | (76)
| (1) | See Notes 5.1.3 and 5.1.5.
| 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) |  | -
Tax inflation adjustment | 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)
Inventories | (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)
Tax inflation adjustment | (2) |  | 1 |  | (1)
Deferred tax liability | (71) |  | (12) |  | (83)
Deferred tax asset (liability) | 107 |  | (23) |  | 84
| (1) | Includes US$ 13 million corresponding to discontinued operations.
Deferred tax assets and liabilities are offset in the following cases: a) when there is a legally enforceable right to offset tax assets and liabilities; and b) when deferred income tax charges are associated with the same fiscal authority. The following table shows the figures disclosed on the Consolidated Statement of Financial Position, which for its determination, were adequately compensated:
| 12.31.2022 |  | 12.31.2021
Deferred tax asset | 36 |  | 84
Deferred tax liability | (112) |  | -
Deferred tax (liability) asset | (76) |  | 84
| 11.4 | Inventories
Schedule of inventories |  |  |  |
|  | 12.31.2022 |  | 12.31.2021
Current |  |  |  |
Materials and spare parts |  | 104 |  | 87
Advances to suppliers |  | 8 |  | 8
In process and finished products |  | 61 |  | 60
Total (1) |  | 173 |  | 155
| (1) | It includes impairment loss as a result of the performed recoverability assessment for US$ 2 million as of December 31, 2022 and 2021, acoording with the policy described in Note 4.13.
Schedule of inventories |
Schedule of inventories |  |  |  |
|  | 12.31.2022 |  | 12.31.2021
Current |  |  |  |
Materials and spare parts |  | 104 |  | 87
Advances to suppliers |  | 8 |  | 8
In process and finished products |  | 61 |  | 60
Total (1) |  | 173 |  | 155
| (1) | It includes impairment loss as a result of the performed recoverability assessment for US$ 2 million as of December 31, 2022 and 2021, acoording with the policy described in Note 4.13.
Schedule of provisions |
Schedule of provisions |  |  |  |
|  | 12.31.2022 |  | 12.31.2021
Non-Current |  |  |  |
Contingencies |  | 107 |  | 106
Asset retirement obligation and wind turbines decommisioning |  | 25 |  | 19
Environmental remediation |  | 15 |  | 15
Other provisions |  | - |  | 1
Total Non-Current |  | 147 |  | 141
Current |  |  |  |
Asset retirement obligation and wind turbines decommisioning |  | 2 |  | 2
Environmental remediation |  | 2 |  | 3
Total Current |  | 4 |  | 5
Schedule of changes in provisions |
Schedule of changes in provisions |  |  |  |  |  |
|  | 12.31.2022
|  | Contingencies |  | Asset retirement obligation and decommisioning of wind turbines |  | Environmental remediation
At the beginning of the year |  | 106 |  | 21 |  | 18
Increases |  | 5 |  | 6 |  | -
Increases for incorporation (1) |  | - |  | 1 |  | -
Decreases |  | (1) |  | - |  | (1)
Gain on monetary position, net |  | (2) |  | - |  | -
Reversal of unused amounts |  | (1) |  | (1) |  | -
At the end of the year |  | 107 |  | 27 |  | 17
(1) | See Note 5.1.3.
|  | 12.31.2021
|  | Contingencies |  | Asset retirement obligation and decommisioning of wind turbines |  | 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 Las Armas Wind Farm (see Note 2.1.2.3).
|  | 12.31.2020
|  | Contingencies |  | Asset retirement obligation and decommisioning of wind turbines |  | 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) |  | -
Reclassified to liabilities associated to assets classified as held for sale |  | (33) |  | - |  | -
At the end of the year |  | 103 |  | 21 |  | 3
Schedule of income tax and minimum notional income tax liability |
Schedule of income tax and minimum notional income tax liability |  |  |  |
|  | 12.31.2022 |  | 12.31.2021
Non-current |  |  |  |
Income tax, net of witholdings |  | 161 |  | 158
Minimum notional income tax |  | 18 |  | 30
Total non-current |  | 179 |  | 188
Current |  |  |  |
Income tax, net of witholdings and advances |  | 5 |  | 20
Total current |  | 5 |  | 20
Schedule of tax liabilities |
Schedule of tax liabilities |  |  |  |
|  | 12.31.2022 |  | 12.31.2021
Current |  |  |  |
Value added tax |  | 5 |  | 4
Personal assets tax provision |  | 4 |  | 2
Tax withholdings to be deposited |  | 5 |  | 6
Royalties |  | 12 |  | 9
Other |  | 2 |  | 2
Total current |  | 28 |  | 23
Schedule of defined benefit plan information |
Schedule of defined benefit plan information |  |  |  |  |
| 12.31.2022
| Present value of the obligation |  | Present value of assets |  | Net liability at the end of the year
At the beginning of the year | 33 |  | (4) |  | 29
Items classified in profit or loss |  |  |  |  |
Current services cost | 1 |  | - |  | 1
Interest cost | 15 |  | (2) |  | 13
Items classified in other comprehensive income |  |  |  |  |
Actuarial losses | 9 |  | - |  | 9
Benefit payments | (3) |  | - |  | (3)
(Gain) Loss on monetary position, net | (17) |  | 2 |  | (15)
At the end of the year | 38 |  | (4) |  | 34
| 12.31.2021
| Present value of the obligation |  | Present value of assets |  | Net liability at the end of the year
At the beginning of the year | 25 |  | (4) |  | 21
Items classified in profit or loss |  |  |  |  |
Current services cost | 1 |  | - |  | 1
Interest cost | 13 |  | (3) |  | 10
Items classified in other comprehensive income |  |  |  |  |
Actuarial losses | 1 |  | 2 |  | 3
Benefit payments | (2) |  | - |  | (2)
(Gain) Loss on monetary position, net | (5) |  | 1 |  | (4)
At the end of the year | 33 |  | (4) |  | 29
| 12.31.2020
| Present value of the obligation |  | Present value of assets |  | Net liability at the end of the year
At the beginning of the year | 36 |  | (5) |  | 31
Items classified in profit or loss |  |  |  |  |
Current services cost | 3 |  | - |  | 3
Interest cost | 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 monetary position, net | (15) |  | 2 |  | (13)
At the end of the year | 25 |  | (4) |  | 21
Schedule of estimated expected benefits payments |
Schedule of estimated expected benefits payments |
| 12.31.2022
Less than one year | 6
One to two years | 3
Two to three years | 4
Three to four years | 4
Four to five years | 3
Six to ten years | 14
Schedule of significant actuarial assumptions |
Schedule of significant actuarial assumptions |  |  |  |  |
| 12.31.2022 |  | 12.31.2021 |  | 12.31.2020
Real discount rate | 5% |  | 5% |  | 4%
Real wage increase rate | 1% |  | 1% |  | 1%
Inflation rate | 118% |  | 54% |  | 46%
Schedule of sensitivity analyses on actuarial assumptions variations |
Schedule of sensitivity analyses on actuarial assumptions variations |
| 12.31.2022
Discount rate: 4% |
Obligation | 41
Variation | 3
| 9%
Discount rate: 6% |
Obligation | 35
Variation | (3)
| (8%)
Real wage increase rate: 0% |
Obligation | 37
Variation | (1)
| (4%)
Real wage increase rate: 2% |
Obligation | 39
Variation | 1
| 4%
Schedule of salaries and social security payable |
Schedule of salaries and social security payable |  |  |  |
|  | 12.31.2022 |  | 12.31.2021
Current |  |  |  |
Salaries and social security contributions |  | 5 |  | 4
Provision for vacations |  | 8 |  | 7
Provision for gratifications and annual bonus for efficiency |  | 19 |  | 17
Total current |  | 32 |  | 28

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