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Right-of-use assets
12 Months Ended
Dec. 31, 2022
Right-of-use Assets  
Right-of-use assets

 

Note15 | Right-of-use assets

 

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 and the development thereof are disclosed below:

 

          
   12.31.22   12.31.21 
Balance at beginning of year   828    670 
Additions   912    1,050 
Depreciation for the year   (1,033)   (892)
Balance at end of the year   707    828