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Operating segments

12 Months Ended

Dec. 31, 2022

4. Operating segments

The following provides summarized information of the operating segments for the years ended December 31, 2022, 2021 and 2020:

2022	Electric Power Generation from conventional sources			Electric Power Generation from renewable sources			Natural Gas Transport and Distribution (1) (2)			Others (1) (5)			Adjustments and Eliminations (3)			Total
	ARS 000			ARS 000			ARS 000			ARS 000			ARS 000			ARS 000

Revenues		80,676,265			18,261,198			53,026,157			1,752,484			(52,323,398	)		101,392,706
Cost of sales		(44,936,903	)		(6,486,559	)		(43,060,520	)		(1,476,289	)		42,637,380			(53,322,891	)
Administrative and selling expenses		(6,764,320	)		(702,821	)		(9,310,387	)		-			9,310,387			(7,467,141	)
Other operating income		34,097,252			1,771,992			1,366,613			44,265			(1,366,613	)		35,913,509
Other operating expenses		(594,178	)		(7,813	)		(471,091	)		(160	)		471,091			(602,151	)
Impairment of property, plant and equipment and intangible assets		(5,970,504	)		(8,053,063	)		-			-			-			(14,023,567	)
Operating income		56,507,612			4,782,934			1,550,772			320,300			(1,271,153	)		61,890,465

Other (expenses) income (4)		(54,469,248	)		(296,049	)		(4,035,737	)		11,939,140			4,049,404			(42,812,490	)

Net income (loss) for the segment		2,038,364			4,486,885			(2,484,965	)		12,259,440			2,778,251			19,077,975
Share in the net income (loss) for the segment		2,038,364			4,486,885			290,071			12,262,655			-			19,077,975

2021	Electric Power Generation from conventional sources			Electric Power Generation from renewable sources			Natural Gas Transport and Distribution (1) (2)			Others (1)			Adjustments and Eliminations (3)			Total
	ARS 000			ARS 000			ARS 000			ARS 000			ARS 000			ARS 000

Revenues		86,295,219			22,101,809			59,960,850			3,410,912			(60,582,129	)		111,186,661
Cost of sales		(49,060,790	)		(6,581,565	)		(46,179,641	)		(2,910,682	)		47,146,772			(57,585,906	)
Administrative and selling expenses		(7,035,993	)		(1,051,086	)		(12,106,790	)		-			12,106,790			(8,087,079	)
Other operating income		20,407,331			823,626			1,959,395			38,630			(1,959,396	)		21,269,586
Other operating expenses		(1,593,813	)		20,595			(453,332	)		-			453,332			(1,573,218	)
Impairment of property, plant and equipment and intangible assets		(15,125,724	)		-			-			-			-			(15,125,724	)
Operating income		33,886,230			15,313,379			3,180,482			538,860			(2,834,631	)		50,084,320

Other (expenses) income (4)		(45,560,031	)		(4,269,783	)		(8,772,675	)		(344,818	)		7,600,994			(51,346,313	)

Net (loss) income for the segment		(11,673,801	)		11,043,596			(5,592,193	)		194,042			4,766,363			(1,261,993	)
Share in the net (loss) income for the segment		(11,673,801	)		11,043,596			(939,071	)		307,283			-			(1,261,993	)

2020	Electric Power Generation from conventional sources			Electric Power Generation from renewable sources			Natural Gas Transport and Distribution (1) (2)			Others (1)			Adjustments and Eliminations (3)			Total
	ARS 000			ARS 000			ARS 000			ARS 000			ARS 000			ARS 000

Revenues		87,415,727			21,180,050			84,674,960			5,186,557			(86,410,154	)		112,047,140
Cost of sales		(41,752,822	)		(5,542,540	)		(69,274,477	)		(4,202,050	)		71,330,565			(49,441,324	)
Administrative and selling expenses		(7,513,849	)		(1,226,319	)		(18,477,966	)		-			18,477,966			(8,740,168	)
Other operating income		40,168,359			1,284,603			2,346,097			2,482			(2,348,579	)		41,452,962
Other operating expenses		(948,453	)		(380,641	)		(631,599	)		(14,843	)		631,599			(1,343,937	)
Impairment of property, plant and equipment and intangible assets		(11,808,900	)		-			-			-			-			(11,808,900	)
Operating income		65,560,062			15,315,153			(1,362,985	)		972,146			1,681,397			82,165,773

Other (expenses) income (4)		(47,890,568	)		(13,689,301	)		(306,482	)		(148,720	)		327,309			(61,707,762	)

Net income (loss) for the segment		17,669,494			1,625,852			(1,669,467	)		823,426			2,008,706			20,458,011
Share in the net income (loss) for the segment		17,669,494			1,625,852			514,046			648,619			-			20,458,011

(1)	Includes information from associates.
(2)	Includes income (expenses) related to resale of gas transport and distribution capacity.
(3)	Includes adjustments and eliminations related to equity method investees.
(4)	Includes finance income and expenses, net allocated to each segment.
(5)	Includes gain from bargain purchase related to the business combination described in Note 2.2.20.

Major customers

During the years ended December 31, 2022, 2021 and 2020 revenues from CAMMESA amounted to 86%, 87% and 86%, respectively, from total Group revenues.