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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Information  
Schedule of operating segment information
                       
    in million of US$
Consolidated profit and loss information for the year ended December 31, 2023   Generation   Oil and gas   Petrochemicals   Holding and others   Eliminations   Consolidated
Revenue - local market   648   402   359   14   -   1,423
Revenue - foreign market   -   161   148   -   -   309
Intersegment revenue   -   103   -   -   (103)   -
Cost of sales   (354)   (412)   (444)   -   103   (1,107)
Gross profit   294   254   63   14   -   625
                         
Selling expenses   (2)   (49)   (15)   -   -   (66)
Administrative expenses   (50)   (74)   (6)   (55)   -   (185)
Exploration expenses   -   (7)   -   -   -   (7)
Other operating income   75   86   13   3   -   177
Other operating expenses   (27)   (32)   (7)   (22)   -   (88)
(Impairment) Recovery of impairment of property, plant and equipment, intangible assets and inventories   -   (38)   (3)   2   -   (39)
Share of profit from associates and joint ventures   (18)   -   -   16   -   (2)
Profit from sale of companies´ interest   -   -   -   9   -   9
Operating income   272   140   45   (33)   -   424
                         
Financial income   2   2   -   7   (6)   5
Financial costs   (119)   (203)   (3)   (45)   6   (364)
Other financial results   280   (15)   15   278   -   558
Financial results, net   163   (216)   12   240   -   199
Profit before income tax   435   (76)   57   207   -   623
                         
Income tax   (225)   29   (27)   (95)   -   (318)
Profit (Loss) of the year   210   (47)   30   112   -   305
                         
Depreciation and amortization   96   166   5   -   -   267

 

                         
    in million of US$
Consolidated profit and loss information for the year ended December 31, 2023   Generation   Oil and gas   Petrochemicals   Holding and others   Eliminations   Consolidated
Total profit (loss) of the year attributable to:                        
Owners of the company   207   (47)   30   112   -   302
Non-controlling interest   3   -   -   -   -   3
                         
                         
Consolidated financial position information as of Dcember 31, 2023                        
Assets   2,684   1,396   157   631   (146)   4,722
Liabilities   729   1,213   137   376   (146)   2,309
                         
Net book values of property, plant and equipment    1,345   1,138   27   34   -   2,544
                         
Additional consolidated information as of December 31, 2023                        
Increases in property, plant and equipment and right-of-use assets   259   556   7   5   -   827

 

                         
  in million of US$
Consolidated profit and loss information for the year ended December 31, 2022   Generation   Oil and gas   Petrochemicals   Holding and others   Eliminations   Consolidated
Revenue - local market   663   370   425   20   -   1,478
Revenue - foreign market   -   159   192   -   -   351
Intersegment revenue   -   117   -   -   (117)   -
Cost of sales   (370)   (350)   (536)   -   117   (1,139)
Gross profit   293   296   81   20   -   690
                         
Selling expenses   (3)   (45)   (17)   -   -   (65)
Administrative expenses   (39)   (60)   (5)   (38)   -   (142)
Other operating income   25   61   1   44   -   131
Other operating expenses   (5)   (26)   (6)   (9)   -   (46)
Impairment of property, plant and equipment, intangible assets and inventories   -   (30)   (2)   (6)   -   (38)
Impairment of financial assets   -   (2)   -   (2)   -   (4)
Share of profit from associates and joint ventures   65   -   -   40   -   105
Operating income   336   194   52   49   -   631
                         
Financial income   1   2   -   9   (7)   5
Financial costs   (82)   (107)   (3)   (36)   7   (221)
Other financial results   72   (28)   6   116   -   166
Financial results, net   (9)   (133)   3   89   -   (50)
Profit before income tax   327   61   55   138   -   581
                         
Income tax   (73)   (16)   (15)   (20)   -   (124)
Profit of the year   254   45   40   118   -   457
                         
                         
Depreciation and amortization   82   125   5   -   -   212

 

                         
  in million of US$
Consolidated profit and loss information for the year ended December 31, 2022   Generation   Oil and gas   Petrochemicals   Holding and others   Eliminations   Consolidated
Total profit of the year attributable to:                        
Owners of the company   253   45   40   118   -   456
Non-controlling interest   1   -   -   -   -   1
                         
Consolidated financial position information as of December 31, 2022                        
Assets   2,464   1,234   177   1,029   (162)   4,742
Liabilities   979   1,248   147   245   (161)   2,458
                         
Net book values of property, plant and equipment   1,299   807   24   34   -   2,164
                         
                         
Additional consolidated information as of December 31, 2022                        
Increases in property, plant and equipment, intangibles assets and right-of-use assets (1)   115   324   7   36   -   482

 

(1)It does not include US$ 389 million for the incorporation of assets related to the acquisition of the equity interests detailed in Notes 5.2.3 and 5.2.5.

 

                             
  in million of US$
Consolidated profit and loss information for the year ended December 31, 2021   Generation   Distribution
of energy		   Oil and gas   Petrochemicals   Holding and others   Eliminations   Consolidated
Revenue - local market   656   -   282   310   22   -   1,270
Revenue - foreign market   -   -   58   180   -   -   238
Intersegment revenue   -   -   113   -   -   (113)   -
Cost of sales   (355)   -   (285)   (424)   -   113   (951)
Gross profit   301   -   168   66   22   -   557
                             
Selling expenses   (2)   -   (22)   (13)   -   -   (37)
Administrative expenses   (31)   -   (46)   (4)   (21)   -   (102)
Other operating income   42   -   58   1   4   -   105
Other operating expenses   (5)   -   (28)   (3)   (22)   -   (58)
Impairment of intangible assets and inventories   (2)   -   -   (2)   -   -   (4)
Recovery of impairment of financial assets   -   -   -   -   1   -   1
Share of profit from associates and joint ventures   47   -   -   -   53   -   100
Profit from acquisition of companies´ interest     -   -   -   -   17   -   17
Operating income    350   -   130   45   54   -   579
                             
Financial income   4   -   3   -   4   (1)   10
Financial costs   (46)   -   (103)   (3)   (34)   1   (185)
Other financial results   (14)   -   (16)   (2)   18   -   (14)
Financial results, net   (56)   -   (116)   (5)   (12)   -   (189)
Profit before income tax   294   -   14   40   42   -   390
                             
Income tax   (75)   -   8   (12)   2   -   (77)
Profit of the year from continuing operations   219   -   22   28   44   -   313
Loss of the year from discontinued operations   -   (75)   -   -   -   -   (75)
Profit (loss) of the year   219   (75)   22   28   44   -   238
                             
Depreciation and amortization   88   -   114   3   -   -   205

 

                             
                in million of US$          
Consolidated profit and loss information for the year ended December 31, 2021   Generation   Distribution
of energy		   Oil and gas   Petrochemicals   Holding and others   Eliminations   Consolidated
Total profit (loss) of the year attributable to:                            
Owners of the company   218   (39)   22   28   44   -   273
Non-controlling interest   1   (36)   -   -   -   -   (35)
                             
                             
Consolidated financial position information as of December 31, 2021                            
Assets   1,670   -   1,157   176   1,067   (209)   3,861
Liabilities   525   -   1,324   166   264   (209)   2,070
                             
Net book values of property, plant and equipment   969   -   636   22   32   -   1,659
                             
Additional consolidated information as of December 31, 2021                            
Increases in property, plant and equipment, intangible assets and right-of-use assets   39   -   213   6   6   -   264