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OTHER ITEMS OF THE STATEMENT OF COMPREHENSIVE INCOME (Tables)
 12 Months Ended
Dec. 31, 2022
Other Items Of Statement Of Comprehensive Income  
Selling expenses
             
      12.31.2022   12.31.2021   12.31.2020
Salaries and social security charges     5   3   3
Employees benefits     1   -   -
Compensation agreements      -   -   1
Fees and compensation for services     4   3   3
Taxes, rates and contributions     14   11   8
Transportation and freights     31   14   9
Other     1   2   2
Total selling expenses     56   33   26
Administrative expenses
             
      12.31.2022   12.31.2021   12.31.2020
Salaries and social security charges     50   34   34
Employees benefits     8   5   4
Accrual of defined benefit plans     9   7   7
Fees and compensation for services     30   32   26
Compensation agreements     19   2   -
Directors' and Sindycs' fees      7   6   7
Property, plant and equipment depreciation     6   5   5
Maintenance     2   2   1
Transport and per diem     2   1   1
Rental and insurance     1   1   1
Surveillance and security     1   -   1
Taxes, rates and contributions     2   2   2
Communications     1   1   1
Other     -   1   3
Total administrative expenses     138   99   93
Other operating income and expenses
             
  Note   12.31.2022   12.31.2021   12.31.2020
Other operating income              
Insurance recovery     -   3   3
Services provided to third parties     1   2   4
Result from property, plant and equipment sale     2   1   1
Result from intangible assets sale     2   2   -
Dividends received     -   -   1
Contingencies recovery     -   13   2
Tax charges recovery     -   2   -
Contractual penalty     -   -   7
Commercial interests     27   27   30
Argentine Natural Gas Production Promotion Plan     56   51   -
Compensation for arbitration award 15.6   37   -   -
Other     6   4   3
Total other operating income     131   105   51
               
Other operating expenses              
Provision for contingencies     (4)   (16)   (7)
Provision for environmental remediation     -   (15)   -
Derecognition of property, plant and equipment      -   -   (1)
Tax on bank transactions      (14)   (13)   (11)
Donations and contributions     (2)   (2)   (3)
Institutional promotion     (3)   (3)   (2)
Readjustment of investment plan (1)     (9)   -   -
Royalties of Argentine Natural Gas Production Promotion Plan     (8)   (5)   -
Other     (6)   (4)   (12)
Total other operating expenses     (46)   (58)   (36)

 

(1) Corresponding to the investment plan’s readjustment bond at the Sierra Chata block (see Note 17.2).
Financial results
           
    12.31.2022   12.31.2021   12.31.2020
Financial income            
Financial interest    1   -   1
Other interest     4   10   8
Total financial income   5   10   9
               
Financial costs            
Financial interests (1)   (172)   (137)   (164)
Commercial interests   (1)   -   -
Fiscal interests   (38)   (38)   (3)
Other interests   (5)   (3)   (3)
Bank and other financial expenses (5)   (7)   (7)
Total financial costs   (221)   (185)   (177)
               
Other financial results            
Foreign currency exchange difference, net 80   3   14
Changes in the fair value of financial instruments 110   (15)   30
Result from present value measurement (14)   (1)   2
Result from exchange of corporate bonds (14)   -   -
Result from repurchase of corporate bonds 6   -   38
Other financial results   (2)   (1)   -
Total other financial results 166   (14)   84
               
Total financial results, net   (50)   (189)   (84)

(1)Net of US$ 11 million and US$ 10 million capitalized in property, plant and equipment for the years ended December 31, 2022 and 2020, respectively. There are no capitalized financial costs in the fiscal year ended December 31, 2021.
Income tax benefit expense
             
      12.31.2022   12.31.2021   12.31.2020
Current tax      99   67   13
Deferred tax      46   10   22
Difference between previous fiscal year income tax provision and the income tax statement     (21)   -   -
Total  income tax -  Loss     124   77   35

 

 

Below is a reconciliation between income tax expense and the amount resulting from application of the tax rate on the income before taxes:

 

               
      12.31.2022   12.31.2021   12.31.2020
Profit before income tax     581   390   159
Current income tax rate     35%   35%   30%
Income tax at the statutary tax rate     203   138   48
Share of profit from companies     (37)   (40)   (26)
Non-taxable results     (3)   (1)   (5)
Effects of exchange differences and other results associated with the valuation of the currency, net     275   79   88
Effects of valuation of property, plant and equipment, intangible assets and financial assets     (575)   (269)   (156)
Effect of change in tax rate      -   (6)   19
Effect for tax inflation adjustment     253   169   74
Unrecognized deferred assets     -   4   -
Difference between previous fiscal year income tax provision and the income tax statement     2   1   (7)
Non-deductible cost     4   3   -
Impairment on deferred tax assets     2   -   -
Other     -   (1)   -
Total  income tax -  Loss     124   77   35