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Trade receivables
 12 Months Ended
Dec. 31, 2021
Trade receivables

 

Note19 | Trade receivables

 

           
       12.31.21     12.31.20 
Current:          
Sales of electricity – Billed                   15,037                18,565
Framework Agreement (1)                           -                      14
Receivables in litigation                       253                     452
Allowance for the impairment of trade receivables                 (6,006)               (6,948)
Subtotal                    9,284                12,083
           
Sales of electricity – Unbilled                    7,894                  8,769
PBA & CABA government credit                       383                     497
Fee payable for the expansion of the transportation and others                          2                        3
Total current                  17,563                21,352

 

(1)As of December 31, 2020, the Province of Buenos Aires and the Federal Government have a debt with the Company for the consumption of electricity by low-income areas and shantytowns. The indicated amount does not include interest and no revenue for this concept has been recognized by the Company.

 

The value of the Company’s trade receivables approximates their fair value.

 

 

The roll forward of the allowance for the impairment of trade receivables is as follows:

 

           
       12.31.21     12.31.20 
Balance at beginning of the year                    6,948                  3,176
Increase                    1,967                  6,296
Decrease                    (211)                  (928)
Result from exposure to inflation                 (2,698)               (1,596)
Balance at end of the year                    6,006                  6,948

 

The aging analysis of these trade receivables is as follows:

 

 

       12.31.21     12.31.20 
Not due                        -                    14
Past due                 4,735               5,604
Up to 3 months                12,828              15,734
Total trade receivables                  17,563                21,352

 

At the Statement of Financial Position date, the maximum exposure to credit risk is the carrying amount of each class of trade receivables. 

 

The carrying amount of the Company’s trade receivables is denominated in Argentine pesos. 

 

Sensitivity analysis of the allowance for impairment of trade receivables:

 

 - 5% increase in the uncollectibility rate estimate       
       12.31.21 
 Allowance                     6,306
 Variation                        300

 

 - 5% decrease in the uncollectibility rate estimate       
       12.31.21 
 Allowance                     5,705
 Variation                     (301)