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16 Right-of-use asset | 12 Months Ended
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Dec. 31, 2020
Right-of-use Asset |
Right-of-use asset |
Note | 16 | Right-of-use asset
The Company leases commercial offices, two warehouses, the headquarters building (comprised of administrative, commercial and technical offices), the Energy Handling and Transformer Center (two buildings and a plot of land located within the perimeter of Puerto Nuevo and Nuevo Puerto Power Generation Plant) and Las Heras Substation. The Company’s lease contracts have cancelable terms and lease periods of 2 to 3 years. The leases recognized as right-of-use assets in accordance with IFRS 16 are disclosed below:
| 12.31.20 |  | 12.31.19
Total right-of-use asset by leases | 280 |  | 355
The development of right-of-use assets is as follows:
| 12.31.20 |  | 12.31.19
Balance at beginning of year | 355 |  | -
Incorporation by adoption of IFRS 16 | - |  | 574
Additions | 246 |  | 4
Depreciation for the year | (321) |  | (223)
Balance at end of the year | 280 |  | 355

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- Definition The disclosure of quantitative information about right-of-use assets. [Refer: Right-of-use assets] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2020-01-01 -Paragraph 53 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2020-en-r&anchor=para_53&doctype=Standard -URIDate 2020-01-01 + Details
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