Contracted concessional assets

3 Months Ended

Mar. 31, 2022

Contracted concessional assets [Abstract]

Note 6. - Contracted concessional assets

Contracted concessional assets correspond to the assets of the Company recorded as intangible or financial assets in accordance with IFRIC 12, property plant and equipment in accordance with IAS 16, intangible assets in accordance with IAS 38 and financial asset in accordance with IFRS 16.

The detail of contracted concessional assets included in the heading ‘Contracted concessional assets’ as of March 31, 2022 and December 31, 2021 is as follows:

	Financial assets under IFRIC 12			Financial assets under IFRS 16		Intangible assets under IFRIC 12			Intangible assets under IFRS 16 (Lessee)			Property, plant and equipment under IAS 16 and other intangible assets under IAS 38			Balance as of March 31, 2022
	($ in thousands)
Contracted concessional assets cost		859,299			2,841		9,177,949			81,274			904,885			11,026,248
Amortization and impairment		(60,227	)		-		(2,856,008	)		(14,862	)		(163,269	)		(3,094,366	)
Total		799,072			2,841		6,321,941			66,412			741,616			7,931,882

	Financial assets under IFRIC 12			Financial assets under IFRS 16		Intangible assets under IFRIC 12			Intangible assets under IFRS 16 (Lessee)			Property, plant and equipment under IAS 16 and other intangible assets under IAS 38			Balance as of December 31, 2021
	($ in thousands)
Contracted concessional assets cost		874,525			2,843		9,202,539			82,818			856,410			11,019,135
Amortization and impairment		(62,889	)		-		(2,769,345	)		(14,105	)		(151,228	)		(2,997,567	)
Total		811,636			2,843		6,433,194			68,713			705,182			8,021,568

No losses from impairment of contracted concessional assets, excluding the change in the provision for expected credit losses under IFRS 9, Financial instruments, were recorded during the three-month periods ended March 31, 2022 and 2021. The impairment provision based on the expected credit losses on contracted concessional financial assets decreased by $3 million in the three-month period ended March 31, 2022 (decrease of $18 million in the three-month period ended March 31, 2021), primarily in ACT.