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Right-of-use asset
 12 Months Ended
Dec. 31, 2023
Right-of-use Asset  
Right-of-use asset

 

Note15 |    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 and the development thereof are disclosed below:

 

     
   12.31.23     12.31.22 
Balance at beginning of the year                 2,202                  2,578
Additions                 4,167                  2,840
Depreciation for the year               (2,829)               (3,216)
Balance at end of the year                 3,540                  2,202

 

The lease expense balance as of December 31, 2023 and 2022 is disclosed in Other payables (Note 26).