Contracted concessional, PP&E and other intangible assets

6 Months Ended

Jun. 30, 2023

Contracted concessional, PP&E and other intangible assets [Abstract]

Contracted concessional, PP&E and other intangible assets

Note 6. - Contracted concessional, PP&E and other intangible assets

The Company has assets recorded as contracted concessional assets in accordance with IFRIC 12, property plant and equipment in accordance with IAS 16 and right of use assets under IFRS 16 or intangible assets under IAS 38.

The detail of assets included in the heading ‘Contracted concessional, PP&E and other intangible assets’ as of June 30, 2023 and December 31, 2022 is as follows:

	Financial assets under IFRIC 12			Financial assets under IFRS 16 (Lessor)		Intangible assets under IFRIC 12			Right of use assets under IFRS 16 (Lessee) and intangible assets under IAS 38			Property, plant and equipment under IAS 16			Total
	($ in thousands)
Cost		813,191			2,717		9,005,370			129,109			956,262			10,906,649
Amortization and impairment		(70,596	)		-		(3,271,305	)		(31,131	)		(210,816	)		(3,583,848	)
Total as of June 30, 2023		742,595			2,717		5,734,065			97,978			745,446			7,322,801

	Financial assets under IFRIC 12			Financial assets under IFRS 16 (Lessor)		Intangible assets under IFRIC 12			Right of use assets under IFRS 16 (Lessee) and intangible assets under IAS 38			Property, plant and equipment under IAS 16			Total
	($ in thousands)
Cost		818,170			2,787		8,976,243			109,176			956,606			10,862,982
Amortization and impairment		(69,557	)		-		(3,088,778	)		(26,316	)		(195,072	)		(3,379,723	)
Total as of December 31, 2022		748,613			2,787		5,887,465			82,860			761,534			7,483,259

No losses from impairment of contracted concessional, PP&E and other intangible assets, excluding the change in the provision for expected credit losses under IFRS 9, Financial instruments, were recorded during the six-month periods ended June 30, 2023 and 2022. The impairment provision based on the expected credit losses on contracted concessional financial assets increased by $1 million in the six-month period ended June 30, 2023 (increase of $13 million in the six-month period ended June 30, 2022, primarily in ACT).