Transportadora De Gas Del Sur Sa Class B · BCBA:TGSU2
Transportadora De Gas Del Sur Sa Class B — Gas Transporter of the South — Q1 2016 Earnings Presentation
33 slides from Transportadora De Gas Del Sur Sa Class B's earnings presentation, Jun 2, 2016
Slide 1: Overview
Overview For the three-month period ended March 31, 2016, the Company has reported a total comprehensive loss of Ps. 52.1 million, compared with a total comprehensive income of Ps. 45.0 million reported in the same period last year, representing a negative variation of Ps. 97.1 million. The negative
Slide 2: Financial results and liquidity
This negative variation is mainly due to the higher exchange loss of Ps. 316.5 million as a result of the devaluation of the Argentine peso. The selling exchange rate of the peso ended at a value of Ps. 14.70 per US dollar at March 31, 2016, representing an increase of 12.7% (or Ps. 1.66 per U.S. do
Slide 3: Consolidated Statements of Financial Position
The positive variation in cash and cash equivalent of the three-month period ended March 31, 2016 amounted to Ps. 372.6 million. The cash flow generated from operations of Ps. 553.3 million contributed to this variation, which was partially offset by cash flow used in investing and financing activit
Slide 4: 5. Statistical Data (Physical Units)
5. Statistical Data (Physical Units)
Slide 5: Statistical data by period
Three-month period ended March 31, 2016 2015 2014 2013 2012 Gas Transportation ‘Average firm contracted capacity (in billions of cubic feet per day CBeffd")) 285 2.84 291 2.92 2.85 Average daily deliveries (in Beffd) 214 231 233 231 232 Ethane (in short tones) 76372 330,960 346,046 336,764 345,270 P
Slide 6: 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 MARCH 31, 2016 AND DECEMBER 31, 2015 (Stated in thousands of pesos as described in Note 3)
Slide 7: 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 THREE-MONTH PERIODS ENDED MARCH 31, 2016 AND 2015 (Stated in thousands of pesos as described in Note 3)
Slide 8: 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 THREE-MONTH PERIODS ENDED MARCH 31, 2016 AND 2015 (Stated in thousands of pesos as described in Note 3) _____________________________________________
Slide 9: 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 MARCH 31, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) ____________________
Slide 10: Segment results, three months ended March 31, 2016
‘Three-month period ended March 31, 2016 Production and Natural Gas Commercialization of Other Transportation Liguids Services Telecommunicatins Total Revenue from sales"? 265,692. 1,047,903 95,102 17,001 1,425,698 Cost of sales (204,519) (27,924) GBD 6196) (973,366) ‘Administrative expenses 61,593)
Slide 11: Segment results, three months ended March 31, 2015
Three-month period ended March 31, 2015 Production and Natural Gas © Commer cialization of Other Transportation Liquids Services Telecommumicatis Total Revenue from sales“? 215,928 683,443, 55,780 10,676 965,827 Cost of sales 7071 (448,458) B,109) 483) (49,361) ‘Administrative emp enses (34,360) 709
Slide 12: Other receivables by currency
The breakdown of other receivables based on its currency of origin is the following:
Slide 13: Trade receivables by currency
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) ________________________________________________________________________
Slide 14: Provision balances
Balances as of December 31, 2014 Additions Applications Decreases Balances as of March 31, 2015 Additions Applications Decreases Balances as of December 31, 2015 Additions ‘Applications ‘Decreases Balances as of March 31, 2016
Slide 15: Advances from customers
Advances from customers are denominated in pesos. e) Other payables
Slide 16: Other payables
Other payables are denominated in pesos. f) Taxes payables
Slide 17: Taxes payables
Taxes payables are denominated in pesos. TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) _______________________________
Slide 18: Net financial results
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) j) Net financial results
Slide 19: Other operating (expense) / income
k) Other operating (expense) / income
Slide 20: Share of profit from associates
11. SHARE OF PROFIT FROM ASSOCIATES
Slide 21: Loans
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 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 March 31, 2016 and Decemb
Slide 22: Loans by currency
The breakdown of loans based on its currency of origin is the following:
Slide 23: Loan maturities
The maturities of the current and non-current loans as of March 31, 2016 are as follows:
Slide 24: Income tax and deferred tax
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 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
Slide 25: 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 MARCH 31, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) 16. F
Slide 26: Notes to the Financial Statements
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated)
Slide 27: 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 28: Carrying amount and fair value of 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 March 31, 2016 and December 31, 2015, the carrying amount of certain f
Slide 29: Related party transactions
The detail of significant transactions with related parties for the three-month period ended March 31, 2016 and 2015 is as follows: Three-month period ended March 31, 2016:
Slide 30: Related party transactions (continued)
TRANSPORTADORA DE GAS DEL SUR S.A. NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS AS OF MARCH 31, 2016 AND COMPARATIVE INFORMATION (Stated in thousands of pesos as described in Note 3, unless otherwise stated) Three-month period ended March 31, 2016:
Slide 31: 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 32: 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 33: 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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