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16 Right-of-use asset
12 Months Ended
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