Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — FINANCIAL STATEMENTS AS OF 06-30-2016
35 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, Aug 18, 2016
Slide 1: Overview
Overview For the six-month period ended June 30, 2016, the Company has reported a total comprehensive income of Ps. 317.4 million, compared with a total comprehensive income of Ps. 160.0 million reported in the same period last year, representing a positive variation of Ps. 157.4 million. The operat
Slide 2: Financial results, income tax expense and liquidity
This negative variation is mainly due to the higher exchange loss of Ps. 337.7 million as a result of the devaluation of the Argentine peso. The selling exchange rate of the peso ended at a value of Ps. 15.04 per US dollar at June 30, 2016, representing an increase of 15.3% (or Ps. 2.00 per U.S. dol
Slide 3: Cash flow variation and second quarter 2016 vs 2015
The positive variation in cash and cash equivalent of the six-month period ended June 30, 2016 amounted to Ps. 502.6 million. The cash flow generated from operations increased by Ps. 906.4 million, mainly due to the improvement in operating income and higher collection received by the liquidation of
Slide 4: Second quarter 2016 results
During second quarter of 2016, the Company obtained a comprehensive income of Ps. 369.5 million, compared with the comprehensive income of Ps. 115.0 million obtained in the same period last year. Total Net Revenues for the second quarter of 2016 increased by Ps. 912.9 million or 92.9% when compared
Slide 5: Consolidated Statements of Comprehensive Income Summary
5. Consolidated Statements of Comprehensive Income Summary Summary of the consolidated statements of comprehensive income information for the six-month periods ended June 30, 2016, 2015, 2014, 2013 and 2012:
Slide 6: Statistical Data (Physical Units)
6. Statistical Data (Physical Units)
Slide 7: Statistical data: gas transportation and liquids volumes
Six-month period ended June 30, Secand quarter ended June 30, 2016 2015 2014 2013 2012 2016 2015 2014 2013 2012 Gas Transportation ‘Average firm contracted capacity Gn billions of cubic feet per day (Bef/d")) 285 2.84 287 2.90 2.91 278 285 2.84 289 291 Average daily deliveries (in Beffd) 232 219 2.2
Slide 8: Statements of Financial Position
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2016 AND DECEMBER 31, 2015 (Stated in thousands of pesos as described in Note 3)
Slide 9: Statements of Changes in Equity
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2016 AND 2015 (Stated in thousands of pesos as described in Note 3)
Slide 10: Statements of Cash Flows
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. CONDENSED INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX-MONTH PERIODS ENDED JUNE 30, 2016 AND 2015 (Stated in thousands of pesos as described in Note 3) ________________________________________________
Slide 11: Notes to the Financial Statements: General Information
Ricardo I. Monge Chairman of the Board of Directors TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) _____________________
Slide 12: Segment information, six months ended June 30, 2016
‘Six-month period ended June 30,2016 Production and Natural Gas Commereialization of Other ‘Transportation Liguids Services Telecommunications Total Revenue fromsales © Lor7.078 2.058508 212,306, 33153 3321 Costofsales (47032) (039222 (2.969) (3,622) 1.959155) Administrative expenses 00340) 34) 45)
Slide 13: Notes: Significant financial position and income items
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) _________________________________________________________________________
Slide 14: Other receivables by currency
The breakdown of other receivables based on its currency of origin is the following:
Slide 15: Trade receivables by currency
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) _________________________________________________________________________
Slide 16: Provision balances roll-forward
Balances as of December 31, 2014 Additions Applications Decreases Balances as of June 30,2015 Additions Applications Decreases Balances as of December 31, 2015 Additions ‘Applications ‘Decreases Balances as of June 30,2016
Slide 17: Advances from customers
Advances from customers are denominated in pesos. e) Other payables
Slide 18: Other payables and taxes payable
Other payables are denominated in pesos. f) Taxes payables
Slide 19: Expenses by nature
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3) __________________________________________________________________________________________________
Slide 20: Net financial results
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) j) Net financial results
Slide 21: Net financial results table
For the three-month period For the six-month period ended June 30, ended June 30, 2016 2015 2016 2015 Financial income Derivative financial instrument results G1A®) : : : Interest income 23,749 15,086 71,959 46,631 Fair value gains on financial instruments through 48,763 14,548 59,829 3,197 Foreign
Slide 22: Share of Profit from Associates
11. SHARE OF PROFIT FROM ASSOCIATES
Slide 23: Loans
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 13. LOANS Short-term and long-term loans as of June 30, 2016 and December
Slide 24: Loans by currency of origin
The breakdown of loans based on its currency of origin is the following:
Slide 25: Loan maturities as of June 30, 2016
The maturities of the current and non-current loans as of June 30, 2016 are as follows:
Slide 26: Income Tax and Deferred Tax
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 14. INCOME TAX AND DEFERRED TAX As of the date of the issuance of these c
Slide 27: Financial Instruments by Category and Hierarchy
The total amount of provisions is included on current Liabilities. TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 16. FI
Slide 28: Notes to the Financial Statements
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated)
Slide 29: Fair value measurement hierarchy and estimates
16.2 Fair value measurement hierarchy and estimates According to IFRS 13, the fair value hierarchy introduces three levels of inputs based on the lowest level of input significant to the overall fair value. These levels are: · Level 1: includes financial assets and liabilities whose fair values
Slide 30: Carrying amount and fair value of the Notes
The carrying amount of the financial assets and liabilities is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As of June 30, 2016 and December 31, 2015, the carrying amount of certain fi
Slide 31: Related party transactions, six months 2016
The detail of significant transactions with related parties for the six-month period ended June 30, 2016 and 2015 is as follows: Six-month period ended June 30, 2016:
Slide 32: Related party transactions, six months 2015
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) Six-month period ended June 30, 2015:
Slide 33: Subsidiary and Associates
SUBSIDIARY AND ASSOCIATES Link: Link operates a natural gas transportation system, which links TGS’s natural gas transportation system with the Cruz del Sur S.A. pipeline. The connection pipeline extends from Buchanan, located in the high-pressure ring that surrounds the city of Buenos Aires, which
Slide 34: Limited Review Report
Free translation from the original prepared in Spanish for publication in Argentina LIMITED REVIEW REPORT To the Shareholders, President and Directors of Transportadora de Gas del Sur S.A. Introduction We have reviewed the accompanying condensed interim consolidated financial statements of Transport
Slide 35: Limited Review Report: Conclusion
Free translation from the original prepared in Spanish for publication in Argentina Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim consolidated financial statement is not prepared, in all material respects, in accor
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