XML 94 R40.htm IDEA: XBRL DOCUMENT

NON-FINANCIAL ASSETS AND LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2024

Non-financial Assets And Liabilities

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			144		-		-		-		-		-		144
Equipment and machinery			1,960		1		2		353		(11)		(60)		2,245
Wells			1,195		8		-		257		(52)		(95)		1,313
Mining property			198		-		-		-		(3)		-		195
Vehicles			11		1		-		-		(1)		-		11
Furniture and fixtures and software equipment			62		4		1		2		(29)		-		40
Communication equipments			1		-		-		-		-		-		1
Materials, spare parts and tools			44		55		-		(49)		(2)		-		48
Petrochemical industrial complex			32		-		-		8		-		-		40
Civil works			24		-		-		38		-		-		62
Work in progress			420		382		-		(562)		(1)		-		239
Advances to suppliers			64		21		-		(47)		-		-		38
Total at 12.31.2024			4,169		472		3		-		(99)		(155)		4,390
Total at 12.31.2023			3,683		814		-		-		(160)		(168)		4,169

⁽¹⁾

Includes US$ 8 million and U$S 21 million corresponding to capitalized financial costs in the fiscal year ended December 31, 2024 and 2023.

⁽²⁾

See Note 5.2.1.

			Depreciation										Net book values
Type of good			At the beginning		Decreases		For the year ⁽¹⁾		Impairment		At the end		At 12.31.2024		At 12.31.2023


Lands			-		-		-		-		-		14		14
Buildings			(83)		-		(9)		-		(92)		52		61
Equipment and machinery			(748)		9		(146)		43		(842)		1,403		1,212
Wells			(578)		17		(161)		78		(644)		669		617
Mining property			(124)		3		(8)		-		(129)		66		74
Vehicles			(8)		1		(1)		-		(8)		3		3
Furniture and fixtures and software equipment			(57)		27		(5)		-		(35)		5		5
Communication equipments			(1)		-		-		-		(1)		-		-
Materials, spare parts and tools			(3)		-		-		-		(3)		45		41
Petrochemical industrial complex			(22)		-		(4)		-		(26)		14		10
Civil works			(1)		-		(2)		-		(3)		59		23
Work in progress			-		-		-		-		-		239		420
Advances to suppliers			-		-		-		-		-		38		64
Total at 12.31.2024			(1,625)		57		(336)		121		(1,783)		2,607
Total at 12.31.2023			(1,519)		25		(261)		130		(1,625)				2,544

⁽¹⁾

As of December 31, 2024, the composition of the segments is as follows: Oil and gas US$ 236 million, Generation US$ 95 million; and Petrochemicals US$ 5 million.

Schedule of intangible assets

Schedule of intangible assets
		Original values
Type of good		At the beginning			Increases		Decreases		Impairment ⁽¹⁾		At the end


Concession agreements		2			-		-		-		2
Goodwill ⁽²⁾		35			-		-		-		35
Intangible identified in acquisitions of companies		71			-		-		-		71
Digital assets		-			3		-		-		3
Total at 12.31.2024		108			3		-		-		111
Total at 12.31.2023		145			-		(39)		2		108


		Amortization
Type of good		At the beginning			For the year		Impairment		At the end


Concession agreements		(2)			-		-		(2)
Intangible identified in acquisitions of companies		(10)			(4)		-		(14)
Total at 12.31.2024		(12)			(4)		-		(16)
Total at 12.31.2023		(7)			(5)		-		(12)


		Net book values
Type of good		At 12.31.2024			At 12.31.2023
Goodwill ⁽²⁾		35			35
Intangible identified in acquisitions of companies		57			61
Digital assets		3			-
Total at 12.31.2024		95
Total at 12.31.2023					96

⁽¹⁾

Recoverable price based on the market value of digital assets.

⁽²⁾

Assigned to oil and gas segment.

Schedule of deferred tax assets and liabilities


	12.31.2023		Profit (Loss)		12.31.2024
Tax loss carryforwards	144		(135)		9
Property, plant and equipment	-		210		210
Trade and other receivables	1		-		1
Provisions	53		(4)		49
Salaries and social security payable	1		-		1
Defined benefit plans	4		6		10
Taxes payables	-		1		1
Trade and other payables	-		1		1
Other	-		1		1
Deferred tax asset	203		80		283
Property, plant and equipment	(222)		192		(30)
Intangible assets	(34)		2		(32)
Investments in companies	(7)		(2)		(9)
Inventories	(45)		9		(36)
Financial assets at fair value through profit and loss	(18)		14		(4)
Trade and other receivables	(10)		4		(6)
Tax inflation adjustment	(163)		105		(58)
Other	(1)		1		-
Deferred tax liability	(500)		325		(175)
Deferred tax (liability) asset	(297)		405		108

	12.31.2022		Profit (Loss)		Increases for incorporation		12.31.2023
Tax loss carryforwards	19		125		-		144
Property, plant and equipment	151		(151)		-		-
Trade and other receivables	4		(3)		-		1
Provisions	59		(6)		-		53
Salaries and social security payable	1		-		-		1
Defined benefit plans	8		(6)		2		4
Other	1		(1)		-		-
Deferred tax asset	243		(42)		2		203
Property, plant and equipment	(79)		(188)		45		(222)
Intangible assets	(35)		1		-		(34)
Investments in companies	(8)		1		-		(7)
Inventories	(19)		(26)		-		(45)
Financial assets at fair value through profit and loss	(15)		(3)		-		(18)
Trade and other receivables	(23)		12		1		(10)
Taxes payables	(2)		2		-		-
Tax inflation adjustment	(138)		(28)		3		(163)
Other	-		(1)		-		(1)
Deferred tax liability	(319)		(230)		49		(500)
Deferred tax (liability) asset	(76)		(272)		51		(297)

Schedule of deferred tax asset liability


	12.31.2024		12.31.2023
Deferred tax asset	157		-
Deferred tax liability	(49)		(297)
Deferred tax asset (liability)	108		(297)

Schedule of inventories

Schedule of inventories
		12.31.2024		12.31.2023
Current
Materials and spare parts		160		129
Advances to suppliers		6		4
In process and finished products		57		72
Total ⁽¹⁾		223		205

⁽¹⁾

It includes impairment loss as a result of the performed recoverability assessment for US$ 0.04 million and US$ 3 million as of December 31, 2024 and 2023, according with the policy described in Note 4.13.

Schedule of provisions

Schedule of provisions
		12.31.2024		12.31.2023
Non-Current
Contingencies		95		109
Asset retirement obligation and wind turbines decommisioning		25		26
Environmental remediation		17		15
Total Non-Current		137		150

Current
Asset retirement obligation and wind turbines decommisioning		5		3
Environmental remediation		1		2
Other provisions		4		1
Total Current		10		6

Schedule of evolution of provisions

Schedule of evolution of provisions
		12.31.2024
		Contingencies		Asset retirement obligation and decommisioning of wind turbines		Environmental remediation

At the beginning of the year		109		29		17
Increases		41		8		2
Decreases		(1)		-		-
Foreign currency exchange difference		(4)		-		-
Decrease due to sale of equity interests in areas		-		(1)		-
Reversal of unused amounts		(50)		(6)		(1)
At the end of the year		95		30		18


		12.31.2023
		Contingencies		Asset retirement obligation and decommisioning of wind turbines		Environmental remediation

At the beginning of the year		107		27		17
Increases		15		6		3
Decreases		(4)		-		(1)
Foreign currency exchange difference		(9)		-		-
Reversal of unused amounts		-		(4)		(2)
At the end of the year		109		29		17


		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		-
Decreases		(1)		-		(1)
Foreign currency exchange difference		(2)		-		-
Reversal of unused amounts		(1)		(1)		-
At the end of the year		107		27		17

Schedule of income tax and minimum notional income tax liability


		12.31.2024		12.31.2023
Non-current
Income tax		69		50
Minimum notional income tax		6		5
Total non-current		75		55

Current
Income tax, net of witholdings and advances		257		17
Total current		257		17

Schedule of tax liabilities

Schedule of tax liabilities
		12.31.2024		12.31.2023
Current
Value added tax		3		-
Personal assets tax provision		10		3
Tax withholdings to be deposited		8		3
Royalties		6		6
Other		3		2
Total current		30		14

Schedule of benefit plans information

Schedule of benefit plans information
	12.31.2024
	Present value of the obligation		Present value of assets		Net liability at the end of the year
At the beginning of the year	23		(4)		19
Items classified in profit or loss
Current services cost	1		-		1
Interest cost	32		(6)		26
Items classified in other comprehensive income
Actuarial (gains) losses	(4)		4		-
Benefit payments	(3)		-		(3)
(Gains) Losses on exchange difference	(8)		2		(6)
At the end of the year	41		(4)		37


	12.31.2023
	Present value of the obligation		Present value of assets		Net liability at the end of the year
At the beginning of the year	38		(4)		34
Items classified in profit or loss
Current services cost	1		-		1
Interest cost	29		(4)		25
Items classified in other comprehensive income
Actuarial losses (gains)	7		(2)		5
Benefit payments	(3)		-		(3)
(Gains) Losses on exchange difference	(49)		6		(43)
At the end of the year	23		(4)		19

	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)
(Gains) Losses on exchange difference	(17)		2		(15)
At the end of the year	38		(4)		34

Schedule of estimated expected benefits payments


	12.31.2024
Less than one year	7
One to two years	4
Two to three years	3
Three to four years	3
Four to five years	4
Six to ten years	16

Schedule of significant actuarial assumptions


	12.31.2024		12.31.2023		12.31.2022
Real discount rate	5%		5%		5%
Real wage increase rate	1%		1%		1%
Inflation rate	29%		156%		118%

Schedule of sensitivity analysis effect of a variation


	12.31.2024
Discount rate: 4%
Obligation	45
Variation	4
	10%

Discount rate: 6%
Obligation	38
Variation	(3)
	(8%)

Real wage increase rate: 0%
Obligation	40
Variation	(1)
	(4%)

Real wage increase rate: 2%
Obligation	43
Variation	2
	4%

Schedule of salaries and social security payable


		12.31.2024		12.31.2023
Current
Salaries and social security contributions		6		3
Provision for vacations		9		5
Provision for gratifications and annual bonus for efficiency		24		11
Total current		39		19