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LEASES | 12 Months Ended
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Dec. 31, 2023
Notes and other explanatory information [abstract] |
LEASES | NOTE 19: LEASES 19.1 Lessee The Company leases a key part for thermal power plants operation for a 20-year term and has entered into certain oil services agreements (mainly gas compression services) which, considering their characteristics, contain the lease of the assets for the rendering of the services with terms ranging between 2 and 6 years. The terms of the lease agreements are negotiated on an individual basis and comprise a broad range of terms and conditions. The evolution of right-of-use assets and lease liabilities recognised as of December 31, 2023 and 2022 is disclosed below: 19.1.1 Right of use assets
Schedule of right of use assets |  |  |  |  |  |  |  |  |
|  |  | Original values
|  |  |  |  |  |  | Decrease |  |
Type of good |  |  | At the beginning |  | Increase |  |  | At the end
Machinery and equipment |  |  | 20 |  | 7 |  | - |  | 27
Advances to suppliers |  |  | - |  | 6 |  | - |  | 6
Total at 12.31.2023 |  |  | 20 |  | 13 |  | - |  | 33
Total at 12.31.2022 |  |  | 20 |  | 1 |  | (1) |  | 20
|  |  | Amortization |  |
Type of good |  |  | At the beginning |  | For the year |  | At the end |  |
Machinery and equipment |  |  | (11) |  | (1) |  | (12) |  |
Total at 12.31.2023 |  |  | (11) |  | (1) |  | (12) |  |
Total at 12.31.2022 |  |  | (8) |  | (3) |  | (11) |  |
|  |  | Net book values |  |  |  |
Type of good |  |  | At 12.31.2023 |  | At 12.31.2022 |  |  |  |
Machinery and equipment |  |  | 15 |  | 9 |  |  |  |
Advances to suppliers |  |  | 6 |  |  |  |  |  |
Total at 12.31.2023 |  |  | 21 |  |  |  |  |  |
Total at 12.31.2022 |  |  |  |  | 9 |  |  |  |
19.1.2 Lease liabilities
Schedule of lease liabilities |  |  |  |  |
|  |  | 12.31.2023 |  | 12.31.2022
At the beginning of the year |  |  | 12 |  | 13
Increases |  |  | 7 |  | 1
Result from measurement at present value (1) |  |  | 2 |  | 2
Reversal of unused amounts |  |  | - |  | (1)
Payments |  |  | (3) |  | (3)
At the end of the year |  |  | 18 |  | 12
(1) |  | Included in Other financial results.
As of December 31, 2023 and 2022, this liability is disclosed under Other current payables in the amount of US$ 4 million and US$ 2 million and Other non-current payables for US$ 14 million and US$ 10 million, respectively. The following table includes an analysis of the Company lease liabilities, grouped according to their maturity dates. The amounts shown in the table are the contractual undiscounted cash flows:
Schedule of lease liabilities payments by maturity |  |  |
|  |  | 12.31.2023
Three months to one year |  |  | 4
One to two years |  |  | 2
Two to three years |  |  | 3
Three to four years |  |  | 3
Four to five years |  |  | 3
More than five years |  |  | 17
Total |  |  | 32
19.1.3 Short-term or low value leases As of December 31, 2023 and 2022, the Company has recognised administrative costs and expenses in the amount of US$ 6 million each year on account of lease payments associated with short-term leases. 19.2 Lessor 19.2.1 Financial leases Corresponding to the financing granted to TGS for the sale of certain property, plant and equipment belonging to the Oil & Gas business segment. This agreement was entered into on August 11, 2016 and consists of the collection of 119 monthly consecutive installments of US$ 623 thousand, without considering taxes, and a purchase option for a like amount payable at the end of the 120 months of the contract life. As of December 31, 2023 and 2022, this receivable is disclosed under Other current receivables in the amount of US$ 6 million both years, respectively and under Other non-current receivables for US$ 11 million and US$ 17 million, respectively. The following table includes an analysis of the Company receivable, grouped according to its maturity dates. The amounts shown in the table are the contractual undiscounted cash flows:
Schedule of lease receivable by maturity |  |  |
|  |  | 12.31.2023
Less than three months |  |  | 2
Three months to one year |  |  | 4
One to two years |  |  | 7
Two to three years |  |  | 4
Total |  |  | 17
19.2.2 Operating leases The Company has executed lease agreements to install commercial and administrative offices in Pampa Energía S.A.’s building, located in Maipú 1, Autonomous City of Buenos Aires, for three to five years terms. Future minimum collections from operating leases as of December 31, 2023 are detailed below:
Schedule of future minimum collections from operating leases |  |  |
|  |  | 12.31.2023
Three months to one year |  |  | 1
One to two years |  |  | 1
Total |  |  | 2
Total income from operating leases for the fiscal year ended December 31, 2023 amounts to US$ 1 million.

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