GAS TRANSPORTER OF THE SOUTH INC | CIK:0000931427 | 3

  • Filed: 4/16/2018
  • Entity registrant name: GAS TRANSPORTER OF THE SOUTH INC (CIK: 0000931427)
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  • SEC filing page: http://www.sec.gov/Archives/edgar/data/931427/000114036118018601/0001140361-18-018601-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/931427/000114036118018601/tgs-20171231.xml
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    • ifrs-full:DisclosureOfCommitmentsExplanatory

     
    21.
    CONTRACTUAL OBLIGATIONS

    As of December 31, 2017, the Company had the following contractual commitments:
     
          
    Estimated maturity date
    		         
       
    Total
    		  
    Due less than
    one year
    		  
    Less than
    one year
    		  
    1-2 years
    		  
    3-5 years
    		  
    More than
    5 years
    		 
    Financial indebtedness (1)
    		 
    4,088.8
    		   
    -
    		   
    1,477.6
    		   
    2,611.2
    		   
    -
    		   
    -
    		 
    Purchase obligations (2)
    		 
    565.3
    		   
    -
    		   
    565.3
    		   
    -
    		   
    -
    		   
    -
    		 
    Financial Leases
    		   
    1,227.6
    		   
    28.1
    		   
    139.5
    		   
    279.0
    		   
    279.0
    		   
    501.9
    		 
    Total
    		   
    5,881.7
    		   
    28.1
    		   
    2,182.4
    		   
    2,890.2
    		   
    279.0
    		   
    501.9
    		 
     
    (1)
    Corresponds to the cancellation of principal and interest of the financial indebtedness. For further information, see Note 13

    (2)
    Corresponds to purchase of natural gas contracts for the processing of liquids.

    Almost all the financial indebtedness of TGS and the totality of the obligations corresponding to gas purchases are denominated in U.S. dollars which have been translated into Argentine pesos at the exchange rate as of December 31, 2017 (U.S.$ 1.00 = Ps. 18.659). The amounts to be paid in pesos could vary depending on the actual fluctuations in the exchange rate. For future information, see Note 16.1.1.

    Additionally, see Note 20 - Technical, Financial and Operational Assistance Agreement.