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 DECEMBER 31, 2023
98 slides from Transportadora De Gas Del Sur Sa Class B's investor presentation, Mar 26, 2024
Slide 1: Annual Report and Financial Statements 2023
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Slide 2: Table of Contents
Transportadora de Gas del Sur S.A. Annual Report and Financial Statements as of the year ended December 31, 2023 TABLE OF CONTENTS 01 | CONSOLIDATED ANNUAL REPORT AND SUMMARY OF EVENTS 02 | CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 202 3 Consolidated statements of comprehensive income Con
Slide 3: 2023 Annual Report
202 3 ANNUAL REPORT (Figures stated in millions of constant pesos as of December 31, 2023, unless otherwise stated) 01 | LETTER TO OUR SHAREHOLDERS, CUSTOMERS, EMPLOYEES AND SUPPLIERS 02 | MACROECONOMIC SCENARIO 03 | NATURAL GAS INDUSTRY IN ARGENTINA 04 | OUR BUSINESSES IN 202 3 05 | CONDUCTION OF O
Slide 4: Main financial indicators
1,800,000 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 Financial position (In million of Argentine Pesos) 12/31/2019 12/31/2020 12/31/2021 = Total Equity (seaundary axis) Statement of income summary (In million of Argentine pesos) 900,000 700,000 800,000 600,000 700,000 50
Slide 5: Letter to our Shareholders, Customers, Employees and Suppliers
1. Letter to our Shareholders, Customers, Employees and Suppliers Throughout the 2023, we kept pursuing the creation of value for our shareholders and moved forward on our road towards the great dream we conceived four years ago: To become leaders in the rendering of integrated services and play a m
Slide 6: Progress on Strategic Environmental Plan and outlook
In 2023 we made progress in the actions and initiatives foreseen in the 2022-2026 Strategic Environmental Plan, on each of the cornerstones that uphold it. Not only did we improve the measurement of our emissions with the implementation of monitoring technology but we are also including measurements
Slide 7: Natural gas consumption in 2023
Source: Energy Secretariat – Energy Balance. Natural gas consumption throughout the year 2023 reached 136 MMm3/d, recording a 1.8% drop in natural gas consumption versus the previous year (2.5 MMm3/d), mainly attributable to lower priority demand due to higher temperatures during winter months. Natu
Slide 8: Temperatures and electricity generation
Source: tgs own elaboration based on internal data During the first half of the year 2023, recorded average temperatures (21.1°C) 3 were warmer than those recorded in the same period of 2022 (18.5°C), which accounts for the drop in priority demand 3 Buenos Aires Ring’s average temperature. (resident
Slide 9: Natural gas demand in 2023
Source: tgs’ own elaboration with internal data. Demand for natural gas in 2023 remained similar to the levels recorded the previous year. The variations in consumption breakdown are mainly attributable to higher temperatures recorded in winter months (May and June) in which lower priority consumpti
Slide 10: Consumption by kind of user
Source: tgs’ own elaboration with internal data. Going over the total breakdown of natural gas consumption per kind of user in Argentina, it is clear that in 2023 the most demanding sector still is electricity generation, followed secondly by priority demand and the industrial sector ranked third. N
Slide 11: Natural gas supply
Source: tgs own elaboration with internal data. Natural gas supply Thanks to the Gas.Ar Plan incentives, production levels went up, and this trend continued throughout the year 2023. Higher natural gas availability in the domestic market sustains exports mainly to Chile through the Gas Andes pipelin
Slide 12: Main natural gas operators in Argentina
Source: SESCO, Energy Secretariat. In a breakdown analysis of natural gas operators, in 2023 YPF continued being the main producer of Argentina, with 26% of the total (unchanged from 2022), followed by Total Austral S.A. with 22%. Main Argentine natural gas operators’ share over total production (20
Slide 13: Seasonality and gas imports
Fuente: SESCO, SE Given the marked seasonality of the demand for natural gas in Argentina, with peak consumption during winter months, national natural gas production in Argentina— supplemented with natural gas imported from Bolivia— meets local consumption needs in the warmer months (from October t
Slide 14: Total natural gas injection
Source: tgs own elaboration based on internal data Total natural gas injection in August 2023, highest injection level of the year, reached 133 MMm3/d, 4 MMm3/d above the volume recorded in June 2022 (highest level recorded in said year). Supply (MMm3/d)
Slide 15: Local injection by basin
Source: Own elaboration based on internal data. The Neuquén Basin produces the highest volume of natural gas for injection, whereas the remaining basins continued their natural decline (including Bolivia), which makes it imperative to build the third main pipeline to transport the incremental gas pr
Slide 16: Transportation capacity and pipeline expansion
Source: tgs’ own elaboration based on internal data Over the last years, there have not been requirements of potential parties interested in hiring additional capacity, mainly due to the shortage of gas and the gradual decline of the conventional fields, mainly the reception areas Tierra del Fuego,
Slide 17: Northern pipeline reversal
The swift decline of Bolivia fields calls for a prompt response from Argentina to move forward with the norther pipeline reversal works. These works are of vital importance for the energy development of Argentina and Vaca Muerta and consist in the reversal of the natural gas flow which will take Vac
Slide 18: Natural gas value chain: production and consumption
PRODUCTION ‘CONSUMPTION ~ Butane - Ethane - Natural Gasoline COM Services = Distribution ——4 ~ Power Plants i - Industries = CNG =
Slide 19: Natural gas transportation revenues
In 2023, revenues derived from this business segment reached Ps. 99,052 million, thus presenting a negative variation of Ps. 27,515 million compared to the Ps. 126,567 million recorded in 2022.
Slide 20: Tariff review process
On December 6, 2022 through Decree N°815/2022, the deadline for the finalization of the Tariff Review Process was extended for one further year -December 18, 2023- as from its expiration stipulated by Decree Nº 1020. It also extends, as from January 1, 2023, ENARGAS intervention, instructing this en
Slide 21: Interruptible transportation and exchange agreements
Source: Own elaboration based on internal data. It should be noted that in this year we entered new IT and ED agreements , 72 corresponding to interruptible transportation and 132 to exchange and displacement services, which allow tgs to obtain additional revenues and meet the consumption needs or o
Slide 22: Natural gas transportation operating data
Miles de m3/d Natural gas transportation operating data mmm % revenues firm transportation services ‘Average contrated capacity Average daily deliveries 2338 5898 8 8 §
Slide 23: Transportation data notes
(1) Information corresponding to consolidated financial statements . (2) Corresponds to the ratio between the annual average deliveries and the average firm contracted capacity.
Slide 24: Liquids production and commercialization revenues
In 2023, revenues related to this segment accounted for 59% of tgs total revenues. This segment’s performance went down by Ps. 59,120 million in a year-over-year comparison, from Ps. 324,533 million reported in 2022 to Ps 265,413 million in 2023. Out of the total tons dispatched in 2023, 32% of them
Slide 25: Ethane production share
In 2023, tgs ranked as the second ethane producer in Argentina, below MEGA, our production share went up to over 40% of total ethane produced in the year in our country. The graphs below show our share in aggregate propane and butane production in Argentina in 2023:
Slide 26: International reference prices of products
Source: Energy Secretariat and internal data Regarding international reference prices of the products, we export —propane, butane and natural gasoline— they recorded some variations in 2023 compared to the previous year, presenting an uneven trend. During the first months of the year, they increased
Slide 27: Liquids exports revenues
In 2023, Liquids Production and Commercialization exports revenues were Ps. 95,390 million and accounted for 21% of total revenues and 36% of total Liquids Production and Commercialization revenues. In 2023, tgs continued commercializing LPG by land, dispatching roughly 15,518 trucks (379,544 tons)
Slide 28: Local market revenues by product
900,000 800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 Local market revenues by kind of product 2019-2023 (in tons) 2019 2020 2021 2022 2023 mEthane Butane =Propane
Slide 29: Liquids production at Cerri Complex
In 2023, la Liquids Production reached 1,134,297 tons (11,658 tons above 2022 levels). Gas arriving to the Cerri Complex for processing slightly increased compared to the volume recorded in 2022, mainly as a consequence of higher volumes arriving from the Neuquén basin, partially offset by lower gas
Slide 30: Midstream and telecommunications
(1) Information corresponding to consolidated financial statements . Midstream and telecommunications This segments’ revenues accounted for 20% of tgs total revenues in 2023. It mainly includes the rendering of midstream services and telecommunications.
Slide 31: Integrated value chain services
Our leadership in the natural gas industry allows us to integrate all the links of the value chain, from the wellhead to the transportation and distribution systems. We create synergies and offer differential value to our producers and clients, providing integral solutions that comprise, among other
Slide 32: Vaca Muerta system and strategy
Our strategy is to become the leader in energy development in Argentina. At this moment, this development relies on Vaca Muerta where tgs has been present since 2018. This year, with our eyes set on the future we anticipated to what the country needed: we undertook the risk and built the Vaca Muerta
Slide 33: Investments in Vaca Muerta pipeline system
These investments also consolidate our commitment to the development of energy in Argentina and materialize our strategy to increase the profitability of our investments in the Vaca Muerta pipeline system. Hence, the building of the Nestor Kirchner natural gas pipeline is of great relevance for this
Slide 34: Telcosur telecommunications agreements
Regarding the telecommunications services rendered by Telcosur, in 2023 we closed agreements that expanded our sold capacity and consolidated the operations of our telecommunications company. Aligned to the strategy of business consolidation both in the mid and long term, Telcosur closed agreements
Slide 35: Conduction of Operations and Safety
5. Conduction of Operations and Safety Pipeline system operated by tgs in Argentina
Slide 36: Pipeline investment works
Pipeline Investment Works The gas pipeline system operated by tgs adequately met both the natural gas transportation demand and the regulatory entity’s requirements. To ensure service continuity without future interruptions, an efficient management of the pipeline system entails the performance of a
Slide 37: Environmental data
Source: Our own elaboration with internal data
Slide 38: Water footprint and climate change
We are moving forward towards the quantification of our direct water footprint to achieve a more efficient management of this limited natural resource. This indicator is a first step in the achievement of efficient improvements in water management and awareness of our water consumption and use. We a
Slide 39: Emissions data
1,125 ‘tgs: 1,093
Slide 40: Safety and health plan
This plan is of mandatory compliance at all organization levels: processes, stakeholders and workers. It seeks to achieve a high degree of commitment to obligations related to safe and healthy work conditions throughout the whole production chain, by means of activities of prevention, identification
Slide 41: Governance
6-c) GOVERNANCE Corporate Our ethical and transparent performance is one of our main cornerstones, so we permanently strive to implement the best Corporate Governance practices, in line with market international trends and local and foreign regulations in force, to protect and maintain our investors
Slide 42: Members of the Management
Members of the Management The members of tgs Management as of the date of the issuance of the present Annual Report are:
Slide 43: Risk management
Among the risks managed by the Company, we can identify facilities’ risks, projects’ risks, environmental hazards and aspects, fraud risk, risk of corruption with the public sector, cyber security risks and strategic risks. The latter include all those risks whose occurrence may prevent the fulfillm
Slide 44: Share price evolution BYMA and ADR
The graph below shows the evolution of tgs price per share in BYMA (Argentine Stock Exchanges and Markets) and the evolution of the price of ADR and their comparison against other market variables:
Slide 45: Financing sources and corporate bonds
Financing sources (in thousands of Arg. Pesos) Current Financial debt Bonds Interests 4,277,626 Bank loans 49,994,730 Financial leases 6,294,385 Total current financial debt 60 , 567 , 191 Non-current financial debt: Bonds: Class 2 -2018 Program 380,225,912 Bank loans 19,933,952 Financial leases 10,
Slide 46: Financial overview 2023
Financial Overview throughout the year 2023 Our main liquidity sources were our operations cash flows, the sale of our temporary investments and loans. Our operations cash flows have been affected over the last years by a deficient natural gas transportation tariff adjustment, particularly in view o
Slide 47: Activities of the Company in FY2023 and FY2022
Activities of the Company in FY2023 and FY2022 Revenues Total revenues for FY2023 decreased by Ps. 59,534 million compared to FY2022, mainly as a result of the decrease in revenues from the Production and Commercialization of Liquids and Natural Gas Transportation business segment, an effect that wa
Slide 48: Natural Gas Transportation
Natural Gas Transportation During FY2023 revenues from the Natural Gas Transportation business segment accounted for 22% of tgs total revenues (25% for FY2022). 81% of the total revenues corresponded to firm contracted capacity services for both years. Revenues from the Natural Gas Transportation se
Slide 49: Liquids, midstream and costs
For more information regarding the evolution of the businesses in this business segment during 2023, see “4. Businesses in 2023. Production and Commercialization of Liquids”, of this Annual Report. Midstream and Telecommunications Midstream and telecommunications revenues increased by Ps. 27,100 mil
Slide 50: Other operating results and net financial results
Other operating results Other operating results recorded a negative variation of Ps. 521 million mainly due to the recovery of provisions carried out in 2022. Net financial results In FY2023, financial results showed a negative variation of Ps. 62,941 million with respect to FY2022. The breakdown of
Slide 51: Exchange rate and monetary position effects
This negative variation is mainly due to the higher negative net foreign exchange difference after the variation in the exchange rate registered in mid-December 2023. The selling peso/US dollar ended exchange rate closed at a value of Ps. 808.45 per US dollar as of December 31, 2023, representing an
Slide 52: Cash flows from operating activities
Cash Flows provided by operating activities increased by Ps. 79,289 million, mainly due to lower income tax payments and a lower variation in working capital.
Slide 53: Fourth quarter 2023 results
During 4Q2023, the Company obtained comprehensive loss of Ps. 23,461 million, compared to comprehensive income of Ps. 16,697 million obtained in the same period of 2022. Total revenues for 4Q2023 decreased Ps. 20,882 million compared to the same period of the previous year. Revenues from the Natural
Slide 54: 4Q2023 midstream and costs
The Midstream segment reported an increase of Ps. 11,735 million, mainly explained by higher natural gas transportation and conditioning services in Vaca Muerta and midstream. Cost of sales and administrative and commercialization expenses for 4Q2023 amounted to Ps. 79,554 million (compared to Ps. 9
Slide 55: 4Q2023 financial results and financial position summary
In 4Q2023, financial results suffered a negative variation of Ps. 63,673 million, compared to those registered in the 2022 period. This variation is mainly due to the higher negative exchange difference and the loss on monetary position, effect of the net active monetary position. These effects were
Slide 56: Consolidated comprehensive income summary
8.e. Consolidated Comprehensive Income Summary Summary of the consolidated comprehensive income information for the years ended December 31, 2023, 2022, 2021, 2020 and 2019:
Slide 57: Consolidated cash flow summary
8.f. Consolidated Cash Flow Summary Summary of the consolidated cash flow information for the years ended December 31, 2023, 2022, 2021, 2020 and 2019:
Slide 58: Statistical data (physical units)
8.g. Statistical Data (Physical units)
Slide 59: Statistical data table
Fourth quarter ended December 31, 2023 2019 2023 2022 2021 2020 2019 Gas Transportation ”Avera.ge firm contracted capacity (millions of ma/d) 3.2 93.0 926 825 926 sat 3.1 224 224 24 Average daily deliveries (millions ofS 65.8 2.6 68.3 64.2 x 57.0 EK 642 62.0 eis NGL production and commercialization
Slide 60: Consolidated statements of comprehensive income
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (Stated in thousands of pesos as described in Note 3 except for basic and diluted ear
Slide 61: Consolidated statements of financial position
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF DECEMBER 31, 2023 AND 2022 (Stated in thousands of pesos as described in Note 3)
Slide 62: Consolidated statement of changes in equity
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (Stated in thousands of pesos as described
Slide 63: Consolidated statements of cash flows
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 (Stated in thousands of pesos as described in Not
Slide 64: Notes: Business description
Luis Fallo Chairman of the Board of Directors English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as de
Slide 65: Economic context
Economic context General framework The Company operates in a complex economic context whose main variables have recently had strong volatility as a result of political and economic events at the national level. 2023 was a year in which the Argentine economy went through high levels of volatility and
Slide 66: Notes to the consolidated financial statements
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) __
Slide 67: Detail of significant captions: Other receivables
8. DETAIL OF SIGNIFICANT STATEMENT OF FINANCIAL POSITION AND STATEMENT OF COMPREHENSIVE INCOME CAPTIONS 8.a) Other receivables
Slide 68: Other receivables table
2023 2022 Current Non Current Gurrent Non Gurrent Turnover tax balance: 101,733 = 687,584 : \VAT credit balance. 1,486,793 z 4,657,101 = Income tax credit balance TA71, 75 5 304,081 : (Other tax receivables 250,287 = 333,982 i Prepaid expenses: 795,102 21,507 4,747,164 z ‘Advanoss to suppliers 21,57
Slide 69: Allowance for doubtful accounts
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) __
Slide 70: Cash and cash equivalents
8.c) Cash and cash equivalents
Slide 71: Notes to the consolidated financial statements
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) __
Slide 72: Revenues by business segment
Detailed information of revenues on each business segment for the years ended December 31, 2023 and 2022 is disclosed below: Ø Natural Gas Transportation:
Slide 73: Notes to the consolidated financial statements
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated)
Slide 74: Net financial results
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 8.
Slide 75: Other operating results, net
8.l) Other operating results, net
Slide 76: Joint arrangements
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 10
Slide 77: Share of (loss) / profit from associates
11. SHARE OF (LOSS) / PROFIT FROM ASSOCIATES
Slide 78: Notes to the consolidated financial statements
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated)
Slide 79: Property, plant and equipment net value
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) Th
Slide 80: Loans activity
Loans are totally denominated in US dollars. English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as des
Slide 81: Financial debt maturities
During the year ended December 31, 2023, the Company incurred new bank debts of Ps. 6,560,137 and import financing for Ps. 19,275,540 and pre-financing of exports for Ps. 9,908,181. Additionally, import financing cancellations were made for Ps. 10,890,826. The maturities of current and non-current f
Slide 82: Income tax reconciliation
Below is a reconciliation between the income tax charged to results for the years ended December 31, 2023 and 2022 and that which would result from applying the current tax rate on net income before income tax for the exercise:
Slide 83: Financial risk management
16. FINANCIAL RISK MANAGEMENT 16.1 Financial risk factors The Company’s activities and the market in which it operates expose it to a series of financial risks: market risk (including foreign exchange risk, interest rate risk, and commodity price risk), credit risk and liquidity risk. The Company's
Slide 84: Maturity profile of financial assets and credits
December 31, 2023 Cash and cach Financial equivalents _assets_Credits 2) Without spedfied maturity 6,599,199 917 537,319 12,934 With specified maturity ‘Overdue Until el 12-31-2022 = = 232,084 From 01-01-23 to 0-31-23 = = ‘37 From 04-01-23 to 06-30-23 z = 2 From 07-01-23 to 05-30-23 Z E 3478 From 10
Slide 85: Liquidity risk
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 16
Slide 86: Liabilities maturity
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated)
Slide 87: Capital management risk
16.1.6 Capital management risk The Company's objectives in managing capital are to safeguard the Company's ability to continue as a going concern, to achieve an optimal cost of capital structure and to support the investment process in order to provide returns to shareholders and benefits to other s
Slide 88: Financial instruments by category
December 31, 2023 Financial assets at Financial assets at fair value amortised cost Total CURRENT ASSETS Trade receivables = 50,801,464 50,801,468 ‘Other receivables = 5,325,726 5,325,726 Finandal assets at amortised cost = 105,327,557 105,327,557 Finandal assets at fair value through profit or loss
Slide 89: Fair value measurement hierarchy
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 16
Slide 90: Common stock and dividends
English translation of the original prepared in Spanish for publication in Argentina TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 19
Slide 91: Related party transactions
As of December 31, 2023 and 2022, tgs holds Ps. 9,982,891 and Ps. 8,005,655 corresponding to Dollar-linked notes issued by CT Barragán S.A. that accrue an annual interest rate above the exchange rate published in Communication “A” 3500 of the BCRA., and that amortize the entire capital in June 2023,
Slide 92: Related party transactions 2022
Additionally, during the year ended December 31, 2023, the Company received from SACDE Sociedad Argentina de Construcción y Desarrollo Estratégico S.A., construction engineering services for Ps. 41,077,629 which are activated within the balance of advances to suppliers. English translation of the or
Slide 93: Contractual obligations
22. CONTRACTUAL OBLIGATIONS a) Contractual Commitments As of December 31, 2023, the Company had the following contractual commitments:
Slide 94: Auditor's report on consolidated financial statements
We have audited the consolidated financial statements of Transportadora de Gas del Sur S.A. and its subsidiaries (the "Group") , which comprise the consolidated statement of financial position as of December 31, 2023, and the consolidated statements of comprehensive income, of changes in equity and
Slide 95: Key audit matters
Key audit matters Audit response Recoverability of property, plant and equipment related to the Natural Gas Transportation cash-generating unit As of December 31, 2023, the Group maintained thousands of pesos 571,160,601 accounted as property, plant and equipment (PPE) related to the Natural Gas Tra
Slide 96: Other information
Information accompanying the consolidated financial statements ("other information") Other information includes the information contained in: (i) the summary of events and (ii) consolidated annual report, presented to comply with the regulations of the National Securities Commission (“CNV”). This in
Slide 97: Auditor responsibilities
· Obtain an understanding of the internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group's internal control . · Evaluate the appropriateness of accounting
Slide 98: Report on other legal and regulatory requirements
which maintain the conditions of security and integrity based on which they were authorized by the CNV. (c) At December 31, 2023 the liabilities accrued in employee and employer contributions to the Argentine Integrated Social Security System according to the Company's accounting records amounted to
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