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Other payables
 12 Months Ended
Dec. 31, 2023
Other Payables  
Other payables

 

Note26 | Other payables

 

         
  Note    12.31.23     12.31.22 
Non-current          
Payment plan - CAMMESA  2.c               106,298                         -
ENRE penalties and discounts (1)                  51,875                54,335
Financial Lease Liability  (2)                       751                     123
Total Non-current                158,924                54,458
           
Current          
Payment plan - CAMMESA  2.c                 14,926                         -
ENRE penalties and discounts (1)                  11,005                17,391
Related parties  34.c                   1,234                     828
Advances for works to be performed                         13                       40
Financial Lease Liability   (2)                    2,161                  1,428
Other                          1                        5
Total Current                  29,340                19,692

 

As of December 31, 2023, the fair value of the payment plan with CAMMESA, which is adjusted in accordance with the development of the MWh value (Note 2.c) amounts to $ 59,988. Such value has been determined on the basis of the MWh monomic price published by CAMMESA at the end of each period. The applicable fair value category is Level 2.

 

The value of the rest of the financial liabilities included in the Company’s other payables approximates their fair value.

 

(1)The development of ENRE penalties and discounts is as follows:

 

         
       12.31.23     12.31.22 
Balance at the beginning of the year                  71,726                78,423
Increases                  72,552                49,530
Decreases                  (6,043)                (8,274)
Result from exposure to inflation for the year                (75,355)              (47,953)
Balance at the end of the year                  62,880                71,726

 

(*)As of December 31, 2023 and 2022, the balances of $ 51,390 and $ 53,519 relate to penalties payable to users as stipulated in Article 2 of the Agreement on the Regularization of Payment Obligations signed in May 2019.

 

 

(2)The development of the Finance lease liability is as follows:

 

     
   12.31.23     12.31.22 
Balance at beginning of the year                 1,551                  2,106
Increase                 3,067                  1,812
Payments               (6,461)               (3,647)
Exchange difference                 4,901                  1,510
Interest                    908                    791
Result from exposure to inlfation               (1,054)               (1,021)
Balance at end of the year                 2,912                  1,551

 

As of December 31, 2023 and 2022, future minimum payments with respect to finance leases are those detailed below:

 

       
    12.31.23   12.31.22
2023                         -                  1,868
2024                  5,251                     212
2025                  1,430                       47
2026                     329                         -
Total future minimum lease payments                  7,010                  2,127

 

The Company has entered into contracts with certain cable television companies granting them the right to use the network poles. As of December 31, 2023 and 2022, future minimum collections with respect to operating assignments of use are those detailed below:

 

       
    12.31.23   12.31.22
2023                         -                  3,036
2024                     956                       93
2025                     952                       93
2026                     931                       78
2027                         -                         -
Total future minimum lease collections                  2,839                  3,300